The impact of climate change is visible everywhere. In my country, it has led to flood issues that have affected the agricultural sector thereby causing a high increase in the price of food. Some farmers suffered a partial or total loss of their farmland due to flood disasters. Most of these farmers took loans from banks to finance the farming business. These loans might become bad debt if they are uncollateralized. This will affect the financial sector negatively. An increase in the prices of goods will lead to inflation which will affect the banking sector because interest rates might be increased by the central bank.
Curbing climate change is the collective responsibility of everybody. I have decided never to use an electric generator except it is for emergencies or important reasons because I don't want to contribute to the emission of harmful gases into the atmosphere. Industries should switch to clean and green energy sources to reduce the emission of these pollutants that contribute to global warming.
I completely agree with your view on the need to take responsibility for limiting climate change. It's great to hear that you are taking steps to reduce your carbon footprint by avoiding using power generators unless needed.
Regarding the financial sector, the potential for bad loans in the agricultural sector due to climate issues is a worrying trend. It is critical for all stakeholders to work together to find sustainable solutions that reduce the impact of climate change on the economy and society as a whole.