Following other financial regulators, the Federal Reserve has released draft principles to guide large US banks in managing their climate-related financial risks.
A growing drought risk to Brazil’s financial stability, a climate skills deficit among central bankers, a new initiative on data gaps and more from this week in green central banking.
Cop27 saw agreements on loss and damage but little progress on reducing emissions so central banks may need to reconsider climate scenarios, says Jeremy McDaniels of the Institute of International Finance.
A joint report from the FSB and NGFS has warned that current climate scenario analysis exercises “may understate” climate exposure by failing to account for second-round effects, non-linearities and other large sources of climate risk.
A TNFD nature-related scenario analysis proposal, an IMF warning to Caribbean central banks, new ISSB climate disclosure rules, a BoE protest and more from this week in green central banking.
The New York Fed on funding energy efficiency renovations, the BdF’s deputy governor on tipping points and transformative change, a prototype BIS green bond platform, and more from this week in green central banking.
US financial institutions and regulators have defended measures to address climate-related financial risks, following the latest round of attacks from conservative lawmakers.
The Federal Reserve has announced plans to carry out a pilot climate scenario analysis in conjunction with the largest banks in the US. …
Details of the Fed’s climate scenario analysis exercise, an ECB study on inflation and the green transition and more from this week in green central banking.
Two new studies have found that deforestation could create a loss in value as great as the 2008 financial crash, and that central banks have purchased debt from issuers linked to forest loss.
A new NGFS paper has argued that increased fossil energy prices is acting as an involuntary price on carbon, offering a “narrow but unique opportunity” to accelerate the transition to net zero.
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