Climate change poses financial crisis risk

By Rebecca Gredley and Matt Coughlan
Updated January 21 2020 - 3:38pm, first published 3:32pm
Climate change could cause a financial crisis, forcing the RBA to buy assets such as power stations.
Climate change could cause a financial crisis, forcing the RBA to buy assets such as power stations.

The world's central banks have been told they must take responsibility for climate change if they are to stave off a systemic financial crisis, with a price on carbon pointed out as an effective policy.

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