Climate could be the next great risk to global finance and the regulator is demanding … not much

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ANALYSIS: Climate could be the next great risk to global finance and the regulator is demanding … not much

As business risks go, they don't come much bigger than climate change.

APRA's Chair Wayne Byres told PM he wants to ensure Australia's big financial institutions are taking the risks seriously. "The climate is changing, government policies around the world are changing, that's impacting economies and industries that are changing, investor expectations are changing, and in some cases all of that change is happening quite quickly."Since the federal government signed up to the Paris Agreement, the Australia Prudential Regulation Authority has been raising awareness of climate-related risks to the financial sector.

 

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The Sky Is Falling! Everyone Stop Breathing! More Tax To Appease The Climate Gods Is The Only Way We Can Stop The Polar Bears Exploding!

This is a made up tactic to suppress developing nations

Many businesses are already adjusting for CC even if driven more by a profit motive, you can only deny reality for so long, smarter businesses have known this for some time........

In that photo. Left of centre. I can see a face.

BAHAHAHAHA FactsNotFear

Financial bodies are thieves so who cares

More Bullshit from the ABC. Garbage article. Why do you hate Australia?

Rubbish. More leftist narrative

Lol 🤦🏼‍♂️

There is no climate crisis. Please stop pushing this left-wing conspiracy theory.

STOP!! Just STOP! DefundTheABC

our power generators are writing off their coal assets as zero

Murdoch and the Federal Reserve

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