This isn’t a warning from activists. It’s not even a warning from SEEC members. This is coming straight from the boardroom, friends.
Günther Thallinger, a top executive at Allianz SE – one of the world’s largest insurance companies – says that the climate crisis is moving so fast that it threatens the very foundations of our financial system.
This is because insurance companies are tasked with one major goal: risk management. They must make calculated bets, but when it comes to potential damages caused by increasing global temperatures…all bets are off.
Many insurers have already pulled out of covering homes in California due to wildfire risks. Flooding, heat, and other climate-related damages are making entire regions uninsurable. And without insurance, other financial services become unviable, from mortgages to long-term investments.
This is what 3ºC of global warming looks like:
🏛️ Governments unable cover damages when multiple high-cost disasters happen
🏠 Housing markets in collapse due to instability
📉 Financial institutions too exposed to operate reliably
Here’s the good news, friend – we already have the tools to stop this! And we already have 100 SEEC climate champions in Congress working to speed up the transition to clean energy. They’re taking on the tough fights to protect our climate and everything that comes with it, including the stability of our financial system and your ability to get a mortgage.
This shouldn’t be a partisan fight, no matter what the administration pretends: this is about building a financially and environmentally sustainable future, which go hand-in-hand. Chip in here to help our SEEC members do just that.
Thank you,
SEEC PAC