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Old 12th March 2019, 04:38 AM   #1
a_unique_person
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Australian Reserve Bank Warns of "Abrupt, Disorderly" effects of climate change

https://www.afr.com/news/economy/mon...0190312-h1casg


Quote:
Reserve Bank deputy governor Guy Debelle has called for immediate action on climate change to avert an "abrupt, disorderly" economic transition, in a speech that confirmed climate change policy as one of the central bank's key priorities.
In a speech on Tuesday, Dr Debelle said climate change posed a "systemic risk" to the Australian economy and would make new demands of monetary policymakers.
The speech paid particular attention to macroeconomic modelling, which Dr Debelle said had failed to adequately factor in the economic effects of climate change.

Looking for some "Black Swans". Whole flock of them heading our way.


Australia has been recalcitrant in attending to the requirements for preventing global warming, usually for 'economic' reasons. This has been incredilby short sighted and opportunistic politics.
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Old 12th March 2019, 05:17 AM   #2
Norman Alexander
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Old 14th March 2019, 03:17 AM   #3
novaphile
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Originally Posted by a_unique_person View Post

...

Australia has been recalcitrant in attending to the requirements for preventing global warming, usually for 'economic' reasons. This has been incredilby short sighted and opportunistic politics.
Hey! Don't look at me, I've been doing everything in my power since the late 1970's
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