<h1>Central Banks Urged to Tackle Climate Change Threats to Economic Stability, Highlights Deputy Governor; Emphasizes Global Cooperation and Green Finance.</h1> The Deputy Governor highlighted the urgent need for central banks to address climate change, emphasizing its threats to economic stability and financial systems. He discussed how climate risks, both physical and transition-related, could disrupt production, supply chains, and asset values, impacting inflation and financial stability. The Deputy Governor stressed the importance of global cooperation, transparent disclosures, and robust frameworks to manage these risks. He noted the Reserve Bank's initiatives in promoting green finance, including green bonds and priority sector lending for renewable energy. He called for capacity building to help financial institutions and smaller firms navigate climate-related challenges effectively.