<h1>RBI Deputy Governor Highlights Urgent Climate Change Risks to Financial Sector; Calls for Sustainable Finance and Transparency.</h1> The Deputy Governor of the Reserve Bank of India addressed the critical issue of climate change and its impact on the financial system. He highlighted the urgent need for the financial sector to adapt to both physical and transition risks associated with climate change. The speech emphasized the importance of sustainable finance, the challenges of inadequate financing for sustainable technologies, and the necessity for regulatory responses. The Reserve Bank of India is actively working on integrating climate risks into financial systems and promoting transparency through climate disclosure standards. The establishment of a climate risk information system aims to address data gaps, while international cooperation and capacity building are essential for advancing sustainable finance.