Bank Accounts: Household Appliances and Insurance Policies

bank accounts: We know how to purchase green power for our homes; that our buildings are regulated for the energy they use; and that our household appliances come plastered with energy-efficiency star ratings, according to The Guardian. But what about our bank accounts, our super, our insurance policies and investment funds How does our money contribute to causing or preventing dangerous climate change How much financial risk are we exposed to from the effects of climate change, or from a delayed, bumpy transition to a low-carbon future What are policymakers and regulators doing about those risks Climate Risk and the Financial System, a new report from the Monash Sustainable Development Institute, addresses these fundamental questions. But despite the debates of the past, Australians are pretty used to many of the policies that seek to regulate carbon emissions in our everyday lives. This second type of climate risk and opportunity the massive implications of climate change for the financial system is a fairly new frontier in climate policy. The financial sector must be at the heart of tackling climate change Read more These reforms have their roots in the last financial crisis and a growing determination by international policymakers to avoid climate change being the cause of any future crisis. It has developed rapidly over the last three to four years internationally, and is now reaching Australia, where both the potential risks and opportunities raised by finance sector and regulatory reforms to address climate change are immense. (news.financializer.com). As reported in the news.