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Australia already paying economic price of climate change: RBA

Reserve Bank of Australia governor Philip Lowe has warned Australia is already paying the economic price of climate change, while calling for more policy certainty that would allow the nation to exploit "fantastic" renewable energy opportunities.

Speaking in Melbourne at the Australia-Canada economic leadership forum on Thursday, Dr Lowe said from the recent bushfires and drought to an impact on consumer sentiment, it was clear climate change was having an economic impact that would only get larger.

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RBA governor Philip Lowe says climate change is already affecting the Australian economy.

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