Climate & nature risk

The new PM’s Treasury choice signals climate has slipped from an existential threat to a budget line competing with defence. 

The post–fossil fuel era is here and proposed Canadian legislation could provide a model for aligning global finance with climate risk, says Senator Rosa Galvez.

Tension is growing in the US financial system between increasing climate impacts and declining focus on addressing those impacts, says former Fed governor Kevin Stiroh.

Authorities must revise capital frameworks and integrate resilience into monetary operations to tackle challenges, say Aziz Durrani and Julia Bingler.

Previous modelling has grossly under-estimated the impact of the climate crisis on the global economy, says Timothy Neal of the University of New South Wales.

EU central banks have amassed data on climate and nature risk but acting on that information is taking longer, say Daphné McRae and Morgan Després of the European Climate Foundation.

Laura Canas da Costa and Romie Goedicke den Hertog of UNEP FI assess current approaches to nature risk and lay out recommendations for managing them.

The ECB’s recent climate scenario analysis was flawed and changes should be made for future exercises, says economist Mark Cliffe.

The Jackson Hole symposium is the perfect opportunity for central banks to fully account for carbon emissions in their monetary policy toolkits, says Frank Van Gansbeke of Beyond Bretton Woods.

The Federal Reserve is responsible for maintaining financial stability but chair Jerome Powell is ignoring climate change as a major risk, say policy experts Anne Perrault and Elyse Schupak of Public Citizen.