Australia is an Investment Risk because of Climate Change
Sweden’s Central Bank has decided to drop Australian bonds because Australia being now declared a risk investment. Its not just Australia, it is also Canada being dropped, according to the Deputy Governor Sweden’s bank both countries are “not known for good climate work.” This is because climate change now affects how Central Banks can manage the economy and offer financial stability. The Daily was joined by Assistant Professor, John Hawkins from the University of Canberra to discuss the Climate Change affecting Australia’s economy.
