Climate change can also impact monetary policy, Riksbank warns

Global warming may also impact monetary policy, according to research by the Swedish central bank that calls for a global fiscal policy to help prevent climate change.
Food prices can be heavily influenced by droughts and heat waves. | Photo: Morten Lau-Nielsen / Finans
Food prices can be heavily influenced by droughts and heat waves. | Photo: Morten Lau-Nielsen / Finans
Rafaela Lindeberg/Bloomberg

With United Nations experts suggesting there is only about a decade left to prevent catastrophic effects on the environment, the Riksbank is joining other financial regulators and central bankers in casting the spotlight on the risks posed by climate change.

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