Skip to content
Subscriber Only

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

Philip Lowe

Philip Lowe

Photographer: James Brickwood/AFR/Bloomberg

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.