Climate change will cost households, warns Central Bank chief

Central Bank Governor Philip Lane has warned that delaying action to tackle climate change could pose a threat to the Irish economy and the stability of the financial system

Philip Lane, governor of the Central Bank. Pic: Fergal Phillips

Central Bank Governor Philip Lane has warned that delaying action to tackle climate change could pose a threat to the Irish economy and the stability of the financial system.

At a lecture in NUI Galway, he also warned that households would have to adapt to the consequences of climate change in the coming years, and would have to deal with higher costs linked to retro-fitting homes, higher insurance policies and changes in transport ...