Central Bank governor: Climate change may create financial instability

Failure to tackle climate change in a speedy and effective way could lead to financial instability in Ireland, according to the governor of the Central Bank.

Regulatory policies and supervisory practices must address the risks of climate change, Philip Lane said as he delivered the 2019 Monsignor Pádraig de Brún Memorial Lecture at NUI Galway. The biennial public lecture is held in honour of Monsignor de Brún who served as University president from 1945 until 1959.