World Watching Australia’s Climate Response, RBA’s Lowe Says

Australia’s climate change policies are being watched by global investors and policy makers, its central bank chief said, adding it’s important the nation tell a “positive story” in order to avoid a painful economic fallout.

Investors are increasingly applying a climate filter to decisions, and they’re doing that when looking at “financial assets or real assets in the future” in Australia, Reserve Bank Governor Philip Lowe said in response to a question after a speech Tuesday.