General
Financial regulator APRA to stress-test banks on climate change, to examine what would happen in a 3-degrees-hotter world
A key financial regulator is testing what would happen to Australia’s economy if climate change creates a ‘hot house world’ with temperatures more than 3 degrees higher than the Earth’s current average.
Key points:
- APRA will commission research to illustrate the financial risks of unchecked…
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