Climate change losses could hit $20tr, warns Bank of England

© 2025 GlobalCapital, Derivia Intelligence Limited, company number 15235970, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

Climate change losses could hit $20tr, warns Bank of England

storm sign fotolia 230x150
Storm Ahead warning sign against a dark, cloudy and thunderous sky. Concept of political storm, personal crisis, or imminent danger ahead. | Ronnie Chua/ronniechua - Fotolia

Estimated losses in the transition to a low carbon economy could top $20tr, according to a speech delivered on Monday by the Bank of England’s Sarah Breeden. The warning was delivered as the UK’s Prudential Regulation Authority published a new supervisory statement on plans to enhance banks’ and insurers’ management of risks from climate change.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login
Gift this article