‘Change Now or Pay Later’: RBA’s Stark Warning on Climate Change – The Sydney Morning Herald
Dr Guy Debelle, deputy governor, Reserve Bank of Australia. Credit: Jessica Hromas.
Article Synopsis – Australia’s central Reserve Bank has warned that climate change threatens Australia’s financial stability if businesses ignore the risks. Businesses could be face “unanticipated insurance payouts, pollution-driven reputational damage, legal liability and regulation changes that could cause valuable assets to become uneconomic”. To read the actual article click here.