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Policy Point: Is climate change a key risk to global financial stability?

At the end of October, governor of the Reserve Bank Adrian Orr boldly asserted in a speech that climate change is “a key risk to global financial stability.” He made the case for urgent “transformation” as an “important, imminent, and personal” issue. Although the Reserve Bank Act does not mention climate change, the RBNZ is responsible for financial stability. Read more

Dr Bryce Wilkinson
Policy Point
2 November, 2020

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