Swift transformation away from fossil fuels at the crux of Paris talks

PARIS—The crux of the Paris climate talks is as simple as this: to ultimately succeed, they must set in motion a swift transformation of the global energy economy away from fossil fuels and toward clean power.

That tipping point presents substantial opportunities, but also ominous risks in the world of finance.

To help the financial industry get prepared, the Financial Stability Board, an international body that coordinates the work of regulators and central banks around the world, is setting up an industry-led task force on the disclosure of climate-related financial risks.

Read the Inside Climate News - “Financial Industry Faces Daunting Transformation for Climate Deal to Succeed.”