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The data gaps related to climate change have emerged as the key hindrance in effective macro-economic policy-making for central banks across the globe including the Reserve Bank of India, Governor Shaktikanta Das said.
On Wednesday, Das said at the annual Statistics Day conference at the RBI headquarters, “We are also facing long-term challenges of climate change, with its unusually complex dynamics. It poses new challenges to central banks, regulators and supervisors. The risk assessment methods and models for analysing climate-related risks are, at present, limited by lack of usable data”.
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