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The Bank of England believes there is no evidence to support the imposition of climate capital charges on banks Reuters

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© Reuters. File photo: December 27, 2020 in Canary Wharf in London, England. REUTERS/Simon Dawson/File Photo

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LONDON (Reuters)-Deputy Governor of the Bank of England Sam Woods said on Thursday that there is currently no evidence to force banks to hold more capital to deal with the risks posed by climate change.

Woods said that over time, he expects that the prices of loans that banks charge to polluting industries will rise to reflect the risks posed by climate change.

“When we look around today, we can try to find evidence that these risks are factored into the price… We don’t see much,” Woods said at an event during London Climate Action Week.

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