World's financial firms risk $1 trillion in losses if slow to act on climate change -report
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LONDON (Reuters) - The world's financial services sector risks losses of up to $1 trillion if it fails to respond quickly to climate change and is hit by policy shifts such as the introduction of a carbon tax, a new report shows.The report by consultants Oliver Wyman, published on Friday, comes as pressure on the industry to accelerate efforts to help better allocate capital in the shift to a low-carbon economy ratchets up ahead of United Nations climate talks in November in Glasgow,..