An enhanced ECB system-wide climate stress testing framework shows that climate-related financial losses in a disorderly transition could be significantly amplified by the market reactions of banks, investment funds and insurers.
The Basel Committee on Banking Supervision has agreed on principles for managing and supervising climate-related financial risks, providing an international baseline for banking regulators’ approach to climate change.
A candidate for Bank of Japan governor discusses green capital spending as a solution to Japan’s anemic growth, an ECB paper on the importance of double materiality, the NGFS on credit ratings and more from this week in green central …
Climate-related financial risks remain “greatly underestimated”, fossil fuel assets must become stranded and stronger regulation is needed, finds the latest IPCC climate mitigation assessment.
Climate-related scenarios and physical shocks, a call for ECB targeted green financing, the MNB’s climate-related financial disclosure, and more from this week in green central banking.
Further delay in concerted global action will miss a brief and rapidly closing window to secure a liveable future, warns the IPCC in its latest assessment of global climate change.
The Financial Stability Board has outlined its work priorities for 2022, including focus on climate-related disclosures, data, vulnerabilities analysis, and regulatory and supervisory approaches.
A BdF analysis of risks associated with a disorderly transition to a low-carbon economy has found negative effects on GDP, inflation and unemployment, with substantial disparities over time and between sectors.
The BoE has announced a conference on adjusting the international capital framework to take account of climate-related financial risks, calling for papers on using prudential capital tools to mitigate those risks.
Analysis from the Bundesbank shows strong economic effects from climate change, while a Danmarks Nationalbank study finds an investor premium for green equities. All this and more from this week in green central banking.
The ECB has launched its first climate risk stress test of eurozone banks, along with details of the climate-related scenarios against which it expects banks to assess their preparedness.
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