https://www.engineeringnews.co.za
Financial
Financial
financial

CLIMATE RISKS

CLIMATE RISKS: A Climate Vulnerability Assessment by Australia’s five largest banks show that climate change may pose future financial challenges for both banks and their borrowers. The study, released by Australia’s banking regulator, shows that lenders would be more vulnerable to economic downturns in the coming decades, but that the impact could be absorbed. Flooding is the most expensive but also the most predictable and preventable form of natural disaster, Insurance Council of Australia CEO Andrew Hall said after the release of the study. Resiliency and mitigation might be better strategies than government-funded reinsurance schemes, he argued. Photograph: Bloomberg

Photo by Bloomberg

9th December 2022

     

Font size: - +

A Climate Vulnerability Assessment by Australia’s five largest banks show that climate change may pose future financial challenges for both banks and their borrowers. The study, released by Australia’s banking regulator, shows that lenders would be more vulnerable to economic downturns in the coming decades, but that the impact could be absorbed. Flooding is the most expensive but also the most predictable and preventable form of natural disaster, Insurance Council of Australia CEO Andrew Hall said after the release of the study. Resiliency and mitigation might be better strategies than government-funded reinsurance schemes, he argued. Photograph: Bloomberg

Edited by Creamer Media Reporter

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.079 0.135s - 140pq - 2rq
Subscribe Now