RBA to take climate change into account when setting interest rates

The Reserve Bank has warned interest rates will be influenced by the impacts of climate change and a rocky transition could cause economic shocks.

"Monetary policy is always having to analyse and assess these forces and their impact on the economy. But few of these forces have the scale, persistence and systemic risk of climate change," Dr Debelle said on Tuesday night. He said Australia's financial stability would be challenged by the physical and transition risks of climate change.

Instead of blaming unicorns for your shortcomings, why not just fess up and admit, the years of unregulated, reckless abandon by the banks, and their buddies in government have led to the biggest debt bubble in history. The Earth's climate doesn't gamble on Wall Street.

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