Is worse to come? Spencer Platt/Getty Images

The great crash of 2023 made the 2007 financial crisis look like a blip. It was triggered by US president Bernie Sanders signing emergency measures to slash carbon emissions. Investors started panic-selling stocks in fossil fuel companies. Trillions were wiped from the stock markets within days – and hundreds of millions of people around the world lost their pensions.

Impossible? Not according to financial regulators, who are so concerned about the prospect of climate-related financial crashes that they are already taking action to stop them happening. They want all big organisations to start assessing and …