Published: March 12, 2019
Guy Debelle urges policymakers and business to address global warming as a trend rather than a temporary weather cycle
A deputy governor of Australia’s central bank has issued a stark warning that climate change poses risks to financial stability, noting that warming needs to be thought of by policymakers and business as a trend and not a cyclical event.
As a debate over coal and energy fractures the Morrison government, Guy Debelle warned a forum hosted by the Centre for Policy Development on Tuesday that climate change created risks for Australia’s financial stability in a number of different ways.
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