Robert Sanscartier<p>South African (SA) banks have become more reluctant to lend as the threat of extreme weather events has heightened the risk of defaults, a study by the SA Reserve Bank showed on Monday.</p><p>The paper, which examined 38 banks between 2009 and 2024, found credit growth decelerated after climate shocks such as floods and droughts, as well as following the introduction of a carbon tax in 2019</p><p><a href="http://www.channelafrica.co.za/sabc/home/channelafrica/economy/details?id=1f57a763-b916-400f-aacc-0b0c5a1d2751&title=SA%20banks%20curb%20lending%20over%20climate-related%20default%20risks,%20study%20finds" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">http://www.</span><span class="ellipsis">channelafrica.co.za/sabc/home/</span><span class="invisible">channelafrica/economy/details?id=1f57a763-b916-400f-aacc-0b0c5a1d2751&title=SA%20banks%20curb%20lending%20over%20climate-related%20default%20risks,%20study%20finds</span></a></p><p><a href="https://mastodon.social/tags/Africa" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Africa</span></a> <a href="https://mastodon.social/tags/ClimateChange" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>ClimateChange</span></a> <a href="https://mastodon.social/tags/GlobalWarming" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>GlobalWarming</span></a> <a href="https://mastodon.social/tags/GlobalBurning" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>GlobalBurning</span></a> <a href="https://mastodon.social/tags/pollution" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>pollution</span></a> <a href="https://mastodon.social/tags/environment" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>environment</span></a> <a href="https://mastodon.social/tags/climate" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>climate</span></a></p>