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EU finance sector to be tested on shocks linked to slashing emissions by 2030

By Kathryn Carlson ( March 9, 2023, 17:59 GMT | Insight) -- The EU’s finance sector will see a "one-off" climate risk test to assess whether it can handle shocks related to the bloc’s aim to slash emissions by 2030. The head of the European Commission’s financial services team, John Berrigan, outlined the details of the test in a letter to the heads of the bloc’s finance watchdogs. The EU’s finance sector will see a "one-off" climate risk test to assess whether it can handle shocks related to the bloc’s aim to slash emissions by 2030....

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