To settle a case, Treasury recognised risks to the value of sovereign bonds from global warming, which a judge warned could be “a huge drain on Commonwealth resources”.
The Commonwealth of Australia will disclose climate risk in sovereign bonds for the first time following the settlement of a world-first class action lawsuit.
Government concedes climate change may impact bonds lithgowmercury.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lithgowmercury.com.au Daily Mail and Mail on Sunday newspapers.