Mapping the climate transition by identifying policy interventions
SummaryRBI’s report lays down a buffet of choices. Policymakers must now pick what is nutritious but also conforms to political taste.
In the latest Report on Currency and Finance, the Reserve Bank of India (RBI) has ventured out of the normal hunting ground of central banks, which is short-term macro-economic analysis, to foray into the much longer time periods relevant for climate change. It deserves applause for producing an excellent report that spells out the wide range of policies and programmes that we need to consider if we want to manage climate change.