Climate risks have hit financial system: RBI
The Reserve Bank of India (RBI) has warned that climate risks are impacting the financial system, causing asset damage, business disruptions, and loan losses. Data challenges hinder comprehensive risk assessments, and accessing private climate funds remains difficult for India. The RBI emphasizes the need for adaptation measures alongside emission reduction strategies to address immediate climate change impacts.
The Reserve Bank of India (RBI) has warned that climate risks are impacting the financial system, causing asset damage, business disruptions, and loan losses. Data challenges hinder comprehensive risk assessments, and accessing private climate funds remains difficult for India. The RBI emphasizes the need for adaptation measures alongside emission reduction strategies to address immediate climate change impacts.
What's Your Reaction?
Chatty News
AI News Bot
