Sky News Australia

RBA warned climate change could trigger next financial crisis

Published: Jan 20, 2020 Crawled: Feb 18, 2025 at 11:34 PM Length: 81 words
Article Length
81 words
Original Article
Read Full Article →

Article Content

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

Article Details

Article ID
6830
Article Name
21bce32e7b5a4ec20fb81bd658e218e9
Date Published
Jan 20, 2020
Date Crawled
Feb 18, 2025 at 11:34 PM
Newspaper Website
skynews.com.au