New Zealand’s groundbreaking climate policy may soon be the new normal

Climate Economy

New Zealand’s groundbreaking climate policy may soon be the new normal

The country's small step may lead to a giant leap for climate legislation. To see the future of rules-based climate reporting, take a visit to New Zealand.  In September, a place known more for sheep than finance became the world’s first nation to propose climate legislation that would require its major financial institutions to report on its risks posed by the climate crisis.  The measure is based on the financial disclosure model developed by the Taskforce on Climate-related Financial Disclosure (TCFD). Introduced by New Zealand’s Climate Change Minister James Shaw…

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