<h1>RBI Deputy Governor Urges Action on Climate Change, Highlights Financial Risks and Green Finance Strategies at Keynote.</h1> The Deputy Governor of the Reserve Bank of India highlighted climate change as a significant financial risk in a keynote address at a virtual conference on Green and Sustainable Finance. He emphasized the urgent need for action against climate change, citing reports from the IPCC and the World Economic Forum that identify climate-related risks as major threats. Climate change impacts financial institutions through physical and transition risks, affecting asset values, credit risks, and market stability. The Reserve Bank of India is integrating climate risk management into its framework, promoting green finance, and participating in international initiatives to address these challenges.