Financial Crisis: BIS Warns On ‘Green Swan’ Climate Event

Mimicking the concept of a Black Swan event, the Bank for International Settlements (BIS) is warning that a ‘Green Swan’ climate event could trigger a financial crisis.
Nassim Nicholas Taleb popularized the concept of a Black Swan event in his 2007 book, The Black Swan: The Impact of the Highly Improbable. Taleb laid out three requirements: the event must be unknown and unpredictable, it must cause a massive impact and people then try to rationalize that it really was predictable aft