RBI to Prepare Banks for Climate Change Risks, Issues Consultation Paper on Climate Change

The Reserve Bank will issue a consultation paper on climate change and climate change related risks order in the coming weeks to equip banks and financial institutions to effectively deal with the issues arising out of climate change.

“The increased requirements of funding businesses and industry for tackling climate change would be greatly influenced by the global move on climate related risk management,” said RBI governor Shaktikanta Das.