10-07-2025
BOE's Breeden Warns G-7 Bond Prices at Risk from Climate Change
Bank of England Deputy Governor Sarah Breeden said some asset prices are already starting to reflect growing climate risks, warning that extreme shocks could speed up that process.
Breeden, who oversees financial stability for the central bank, pointed to sovereign and corporate bond prices as evidence of such assets, according to the text of a speech due to be delivered at the Annual Chapman-Barrigan lecture in London on Thursday. However, current prices don't fully account for risks emerging from net zero transition efforts or, in their absence from extreme weather events, she added.
