We have powerful tools to avert climate-based financial instability

Central banks must be leveraged to avoid massive risk from climate change -- and they've only just begun.   In case heat waves, raging fires and monster hurricanes were not enough, the latest IPCC Assessment Report reminds us in no uncertain terms that this decade is our last chance to avoid an utterly catastrophic climate breakdown.  The headlines are stark, but the reality is that we have in hand the powerful financial tools we need to shift the global economy from its current high-volatility risk, carbon-fueled path to a lower-risk,…