RBA's Debelle: Climate change presents significant economic risks, opportunities

The Reserve Bank of Australia (RBA) Assistant Governor Debelle was on the wires last minutes, via Reuters, making a scheduled speech on climate change and its impact on the economy.

Main Headlines:        

Climate change presents significant economic risks, opportunities.

Few economic forces have scale, persistence and systemic risk of climate change.

Outcomes from climate modelling need to be mapped into economic modelling.

Need to think of climate change as a trend rather than a cycle.