bring increasingly frequent adverse shocks, we would need to factor that into our policy stance in the context of our risk management framework. many of these forces are difficult to incorporate directly into our economic models, and we should be modest about the degree of precision we can bring to these issues. 10 but models are nonetheless very helpful for characterizing the forces at work and capturing their interactions. we can also play an important role by being part of the policy dialogue, in canada and internationally. i have already mentioned our contribution to the g20 ’ s work on green finance, one of a number of settings in which we can — and do — bring ideas and analysis to the table. all our efforts are guided by research to analyze the economic and financial forces at work. indeed, the bank of canada ’ s medium - term plan includes an emphasis on “ considering alternative futures. ” that label seems tailor - made for thinking about climate change — where we can envisage a lower - carbon future or another future where our economy is increasingly subjected to the shocks stemming from rising global temperatures. we are committed to analyzing the change that is here today and where it may take canada ’ s economy and financial system far into the future. conclusion in these remarks, i have been focusing on the future. but these changes are already in motion and are becoming increasingly important for decisions on a wide range of policies. the effects of climate change are already being felt, and action to address climate change is being taken now. if it is on a sufficient scale to address the problem, it is also on a sufficient scale to have a meaningful economic impact. the issues are complex, but basic economics can cut through some of the complexity. putting a price on carbon is a core element of canada ’ s strategy for addressing climate change. and if we get the price right, we can do a lot right. early steps are also being taken to make the financial system an effective tool for green finance, including here in canada. there are signs that momentum is building. we at the bank of canada will do what we can, within our mandate, to help the canadian economy through these changes. this is an integral part of our commitment to a better canada. 1 such outcomes are discussed in national research council, committee on abrupt climate change, abrupt climate change : inevitable surprises ( washington : national academy press, 2002 ). see also p. howard, omitted damages : what ’ s missing from the social cost of carbon, joint project of the environmental defense

##tiara hotel in kuala lumpar, malaysia. this recipe book is a product of lessons from simi ’ s malaysian experience, as well as his many years of work experience in the tourism industry both in fiji, and abroad. the book has been written for every chef, whether you work in a large commercial kitchen, small restaurant or home kitchen. it has been designed to promote the innovative use of locally grown foods and produce. the book titled “ kana mada – fiji style ” was produced through the collaboration of the fiji national university and the reserve bank. we hope that you will buy a copy today and continue to support our farmers, market vendors and manufacturers in fiji by buying their produce. finally, i do urge you all to visit the booths and stalls set up by the various financial institutions, and indeed by the reserve bank and other stakeholders. this is your golden opportunity to learn more about the facilities and various products that are available. i am sure our staff and colleagues will be more than willing to assist you and perhaps do some business! bis central bankers ’ speeches ladies and gentlemen with these words, i have much pleasure in officially opening our inaugural “ financing day ” at this year ’ s crest agriculture show, and in launching the “ kana mada fiji style ” recipe book. vinaka. bis central bankers ’ speeches