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The likelihood of significant divestment from Australia because of climate risk is rising, the Reserve Bank of Australia says. Climate is a key concern for foreign investors and the likelihood it
The Reserve Bank has been trying to work how best to protect our financial system from the "first order risk" that is climate change.
<strong>Exclusive:</strong> The Australian Industry Group’s Innes Willox says the case for strong climate action has strengthened rapidly and the cost has turned out to be lower than expected
SYDNEY (REUTERS) - Australia could face rising costs of capital and divestment by offshore funds if it is not seen to be doing more to address climate change, a top central banker said on Thursday (Oct 14).. Read more at straitstimes.com.
More than a quarter of million jobs have been lost in Australia in the past two months as a result of coronavirus lockdowns in NSW, Victoria and the ACT.