RBA warned climate change could trigger next financial crisis

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The world's most powerful central banks have issued a stark warning that climate change could trigger the next financial crisis. The Reserve Bank has been told to 'mobilise all forces' and that it may have to buy coal mines to save the economy from a climate change induced disaster. The Bank of International Settlements, which includes 50 of the worlds biggest financial institutions, says central banks should factor climate into their thinking about economic stability. Image: AP Read More Our Apps