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Need regulatory response to mitigate climate-change risks
Business Standard
|December 05, 2024
Since climate change has a bearing on both price and financial stability, there is a need for a regulatory response to mitigate risks arising out of it, said M Rajeshwar Rao, deputy governor, Reserve Bank of India (RBI).
The impact on the financial system and economy arising from climate change is dependent on the extent of their exposures to these risks and mitigation measures that are in place, Rao said while speaking at the International Conference, organised by the Institute of South Asian Studies (ISAS) on November 29. The RBI released the speech on December 4.
Dit verhaal komt uit de December 05, 2024-editie van Business Standard.
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