Thus the Financial Times today. “First central bank to address financial impact of global warming,” elaborates the newspapers. Congratulations, Bank of England! This is an initiative worth following in the future. It will offer a useful index of the situation on the ground. And insurance companies are among the best informed about climate change of all the companies around. To the best of my knowledge, they were the first to get in touch with scientists involved in the field, which was about twenty years ago. Most important, the climate models available give the insurance companies quite a bit of detail on ever-finer scale. This is where profits are made, anyway. At any rate, a better understanding of the financial impact of climate change will focus the minds. And on the local scale, which is crucial for the times to come. Congratulations all around.