Here, we should remember that, as in sport, what is important is not winning, but playing a fair game. Playing a fair game, may lead to failures and lost battles, but will surely win you the war in the arena of life. 39. Schumpeter referred to the entrepreneur as “Mann der Tat ” or a Man (person) of Action.
Accordingly, this study demonstrates the salience and feasibility of climate stress testing for the financial planning of the financial sector and the supervisory strategies of central banks and financial regulators. Turning to the regulation and supervision of firms and markets, climate change poses several challenges.