The Dutch Central Bank, responsible for the financial stability in the Netherlands, has warned the financial sector about the increasing impact of the climate change and the transition to a carbon-neutral economy. The most obvious example the bank has given, is that insurers will have to deal with increasing claims as a result of the extreme weather and the rising sea levels. The bank has also pointed out that the transition to a more carbon-neutral economy – in response to the Paris climate agreement to limit CO2 – will have to lead to specific climate policies in various sectors of the economy. In its conclusion the bank has put forward that more action is needed and that additional steps have to be taken.
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