Typically, the financial system has taken a rather short-term view in its decision making, pushing longer-term problems into the long grass. But proper mandatory disclosure of climate-related risks will help to change that, and it is something that the Reserve Bank has been pushing for. That disclosure will enable risk assessment and mitigation, and incentivise investment in emissions reduction and adaptation. It means that the Reserve Bank—New Zealand's Reserve Bank, our Reserve Bank—can consider climate risks when making decisions that affect the type of country we live in and pass on to future generations. 