https://www.miningweekly.com
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

AMS Haden Instrument & Mining Services (pty) Ltd
AMS Haden Instrument & Mining Services (pty) Ltd

AMS Haden is well known in the industry and we have been called on to provide advice on many projects.

VISIT SHOWROOM 
Aqs image
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
ARM, GoldOre, Gautrain make headlines
22nd September 2023
Magazine cover image
Magazine round up | 22 September 2023
22nd September 2023
Resources Watch image
Resources Watch
21st September 2023

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:0.06 0.094s - 92pq - 2rq
Subscribe Now