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Value of shares, bonds could fall due to climate change

A man counts money. Climate change may have more far-reaching financial risks than ever thought. [PHOTO: FILE/STANDARD]

A huge chunk of a country’s wealth is normally held in shares and bonds. This is one of the ways in which a segment of the populace cushions itself from the vagaries of economic upheavals.

However, financial experts are worried that climate change — that elephant in room that many ignored — may have far-reaching financial risks than ever thought.

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