Central Bank Governors Speak on Climate Change

Governor of the Bank of England (BoE), Mark Carney, has recently reiterated that global banks cannot ignore climate change dangers and the financial risks from extreme weather and vulnerable assets. According to the article, the governors of the Bank of England and France’s central bank have warned that the global financial system faces an existential threat from climate change.

Mark Carney

https://www.theguardian.com/environment/2019/apr/17/mark-carney-tells-global-banks-they-cannot-ignore-climate-change-dangers

Deputy governor of the Reserve Bank of Australia (RBA), Guy Debelle, has recently 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.

Guy Debelle

https://www.theguardian.com/business/2019/mar/12/climate-change-poses-risk-to-australias-financial-stability-warns-rba-deputy-governor