Australia | A greener economy is becoming inevitable
The Australian government is facing growing pressure on several fronts to solidify lower carbon emission targets. If left unchecked, these pressures could translate to material headwinds for the financial sector and the real economy.
What you will learn:
- Financial markets are becoming increasingly proactive in pricing in climate risks, either due to an expectation of more frequent climate events or in pursuit of investors’ own emissions targets.
- Australia’s industry structure is skewed toward emissions intensive industries relative to other advanced economies.
- Accordingly, the economy will be significantly impacted by aggressive emissions reduction policies, although earlier adoption will ameliorate these impacts.
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