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Climate Change Considered a ‘First-Order Risk’ in Financial System: Expert

Climate Change Considered a ‘First-Order Risk’ in Financial System: Expert
Office employees walk in front of the Reserve Bank of Australia in Sydney on Sept. 4, 2018. Saeed Khan/AFP/Getty Images
Marina Zhang
|Updated:

Guy Debelle, deputy governor of the Reserve Bank of Australia has said that the climate is now considered a “first-order risk” to the Australian finance sector at CFA Australia Investment Conference on Oct. 14.

“Most Australian financial institutions now recognise climate as a risk,” he told the conference.

Marina Zhang
Marina Zhang
Author
Marina Zhang is a health reporter for The Epoch Times, based in New York. She covers both health news and in-depth features on emerging health issues. Marina holds a bachelor's degree in biomedicine from the University of Melbourne. Contact her at [email protected].
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