Climate change poses economic and social risks that can affect the workings of the financial system – the complex interaction of financial institutions and markets. Central banks have a responsibility to ensure that financial systems can survive and manage climate-related shocks.
To tease out these issues, Danny Bradlow posed questions to Fundi Tshazibana, deputy governor of the South African Reserve Bank (Sarb), CEO of the financial sector regulator, the Prudential Authority, and vice-chair of the Network for Greening of the Financial System.
Is environmental sustainability part of the Reserve Bank’s primary responsibilities?
Sustainable economic growth implies that an economy is growing continuously at its potential and avoiding boom and bust episodes. It also implies that nature’s resources are being used sustainably in the process. Different public economic institutions are equipped with tools to manage the various aspects of sustainable growth.
Denne historien er fra December 05, 2024-utgaven av The Citizen.
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Denne historien er fra December 05, 2024-utgaven av The Citizen.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Plenty on the line in Tests
With so much on the line in the Test series starting on Thursday, the Proteas can be forgiven for losing to Pakistan in the ODI series last week, but only if they deliver in the five-day campaign.
BUCS TO BOUNCE BACK?
PREMIERSHIP: RIVEIRO LOOKS TO PIRATES TO GET BACK TO WINNING WAYS
'Beaten Proteas can fight for title'
Despite falling in a 3-0 defeat to Pakistan in their ODI series which concluded on Sunday, Proteas white-ball coach Rob Walter remains confident his squad can put up a fight for the title at next year's Champions Trophy tournament.
'Joshua bout only fight left for Fury'
Tyson Fury has been told the \"only fight\" left for him after his points decision defeat in a world heavyweight boxing title bout with champion Oleksandr Usyk is an all-British clash against Anthony Joshua.
Sharks brace for Stormers
Sharks head coach John Plumtree (above) said the Stormers will target the same three areas the Bulls did in their United Rugby Championship (URC) game at Cape Town Stadium on Saturday.
Jacobs gets Black Caps call-up
Hard-hitting New Zealand batsman Bevon Jacobs earned a maiden call-up yesterday for their T20 series against Sri Lanka, which marks the start of Mitchell Santner's tenure as white-ball captain.
Coach change was a subtle one
LUNGA: COMMUNICATION THE KEY WHEN THIS HAPPENS
Amorim: Utd we 'nervous'
Manchester - Manchester United crashed to a humiliating 3-0 home defeat to Bournemouth on Sunday as Ruben Amorim (above) admitted his \"nervous\" team would have to \"suffer\" before they can get back on track.
Enzo happy despite losing ground
Liverpool manager Enzo Maresca insisted he was \"absolutely happy\" despite his side losing ground in the Premier League title race following a goalless draw away to Everton on Sunday.
Liverpool need to keep pushing
SLOT: TABLE-TOPPING REDS MUST KEEP FOOT ON THE GAS
