APRA encourages entities to perform stress-test for climate-related risks

The "weight of money" is driving the transition to a low carbon economy, and "commercial imperatives such as investment, innovation and reputational factors, is increasingly driving that shift, rather than scientists or policymakers," according to Geoff Summerhayes, executive board member of the Australian Prudential Regulation Authority (APRA).

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Read more: APRAclimate changeclimate riskGeoff SummerhayesAustralian Prudential Regulation Agency