An updated guide for central banks proposes a series of tools for integrating climate and nature-related financial risks into prudential supervision.

This month’s GCB roundup looks at the latest political developments shaping the EU’s sustainability agenda.

The central bank should adapt its monetary framework to ensure decarbonisation does not deepen economic inequality. …

Several bank sustainability heads downplayed AI data centre risks as critics warn of fossil fuel lock-in and water risks beyond the facilities themselves.

Climate activists needed a Lehman moment, but got Houston instead.

Emissions help gauge physical and transition risks, but Hong Kong’s financial regulator currently does not require banks to disclose financed emissions.

India’s net zero transition needs vast investment. Credible corporate transition plans can help investors assess risks and direct capital, write Shantanu Srivastava and Tanya Rana.

The multilateral lender, which issued its first adaptation bond in 2023, will also update its sustainable development bond framework this year.

The European Commission will establish an alliance of insurers, investors, regulators and experts as Europe faces increasingly warming summers. …

Layered insurance, syndication and catastrophe bonds are some of the solutions being explored to provide commercial cover for modern day infrastructure, according to insurance giant Swiss Re. …

As the world grapples with the finance and political will needed for the transition, what can policymakers learn from Syria’s people-led solar boom?