Statement from the RBNZ - "why climate matters to RBNZ"

Well, this is a sensitive topic, so I'll leave it up to those interested to check this out from the Reserve Bank of New Zealand:

• Climate Changed – and why climate matters to RBNZ.

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It's a speech from RBNZ Governor Orr.

The relevance to the financial system and central banks as a part of that is best summarised in this from Orr:

• The last few months have had no shortage of extreme weather linked to climate change across the globe, with record beating temperatures and droughts. Here in New Zealand, last year set a new record for weather-related insurance payments, and this year is on pace to break the record.
• Assessing material risks to banks and insurers, and the financial system as an ecosystem, is our core business. Financial stability is best maintained when all relevant risks are identified, priced, and allocated to those best able to manage them. To meet our financial stability objective, it’s important for us to take account of the current and future impacts of climate change.

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NZD NZD The New Zealand Dollar (NZD) is the official currency of New Zealand and the tenth most traded currency in the world. Also referred to as the Kiwi, the currency is also utilized in several Pacific islands, including Tokelau, the Cook Islands, Pitcairn islands, and Niue.The NZD’s history is long, extending back to 1934 with the creation of the Reserve Bank of New Zealand. While far from the most traded currency in the global forex market, the NZD has a key role nonetheless.The NZD is considered a The New Zealand Dollar (NZD) is the official currency of New Zealand and the tenth most traded currency in the world. Also referred to as the Kiwi, the currency is also utilized in several Pacific islands, including Tokelau, the Cook Islands, Pitcairn islands, and Niue.The NZD’s history is long, extending back to 1934 with the creation of the Reserve Bank of New Zealand. While far from the most traded currency in the global forex market, the NZD has a key role nonetheless.The NZD is considered a Read this Term/USD update: