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Who pays when it comes to climate adaptation is a distribution issue, according to the Reserve Bank
The Reserve Bank (RBNZ) told Parliament's Finance and Expenditure Committee banking has a “key role” to play when it comes to climate adaptation. RBNZ Assistant Governor Simone Robbers and Strategic Climate Initiatives Manager Stefan Grey appeared at the Government’s ongoing climate inquiry on Monday to discuss their submission. Robbers is also the central bank’s General Manager of Strategy, Governance and Sustainability. The FEC was given the responsibility of determining how NZ manages the risks and expenses associated with future extreme weather events back in May. The inquiry plans to provide ... (full story)