🔮🏦 rapid devalue #fossilfuel assets could trigger involuntary “fire sales” =banks forced to sell at any price to meet regulatory capital requirements trigger a short-term liquidity crisis like in 2008-09 Prediction Swiss RE: ⬇️11% -14% global economic growth
🔮🏦 rapid devalue #fossilfuel assets could trigger involuntary “fire sales” =banks forced to sell at any price to meet regulatory capital requirements trigger a short-term liquidity crisis like in 2008-09 Prediction Swiss RE: ⬇️11% -14% global economic growth
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