@daijnr.bsky.social
Reposted
Insurance sector is the true ‘canary in the capitalist coal mine’ - it knows that 3C heating breaks society and the economy that’s meant to serve it
“At 3C of global heating, climate damage cannot be insured against, covered by governments, or adapted to. That means no more mortgages or new real estate devt, no long-term investment, no financial stability. The financial sector as we know it ceases to function and capitalism ceases to be viable.”
Climate crisis on track to destroy capitalism, warns top insurer
Action urgently needed to save the conditions under which markets – and civilisation itself – can operate, says senior Allianz figure
www.theguardian.com
April 5, 2025 at 9:20 AM
Insurance sector is the true ‘canary in the capitalist coal mine’ - it knows that 3C heating breaks society and the economy that’s meant to serve it