These include the degree to which uncertainty about trade policy is holding back business investment, how new guidelines for mortgage lending are affecting the housing market, and how sensitive the economy is to higher interest rates given the accumulation of household debt. With all these uncertainties, setting monetary policy is a matter of risk management.
As a backdrop, it is helpful to keep in mind that preserving biodiversity is a goal that can be much more challenging than combating climate change. There are several reasons, but let me highlight a few: First, biodiversity is a multidimensional phenomenon that encompasses biological resources, ecosystems, and habitats, which are difficult to classify, measure, and compare.