The ECB’s second climate stress test found that a faster transition towards a green economy would cost less than delaying the move. …
The central bank of Hong Kong has published guidelines for integrating climate risks into supervisory processes in preparation for transitioning to net zero.
The proposed guidance from the South African Reserve Bank would require banks to integrate climate and litigation risk into their risk frameworks. …
Trinidad and Tobago’s financial stability report says climate risks may pose macrofinancial challenges and will be included in its financial supervision.
The transition to a net-zero emission economy could pose a significant risk to Oman’s financial system, the Central Bank of Oman warned in its annual report.
If central banks want to create accurate climate risk models, they need to work with experts in other fields, says climate researcher Tim Lenton.
In an NGFS survey, most central banks reported economic damages from acute climate events and ambitions to develop green monetary policies.
A report from the Aldersgate Group found that UK regulators face a number of barriers when it comes to implementing net-zero targets.
The Bank of International Settlements’ annual report found the long-term outlook of financial sustainability “is grim” and that a green transition is one of many factors likely to put pressure on public finances.
The greatest net-zero transition risks are borne by lower-income countries so they need to be economically resilient to weather the storm, says Saliem Fakir of the African Climate Foundation.
The ECB’s latest report supplements current data establishing an interdependent relationship between nature and risks posed to the financial system.
You have seen 11 of 50
By submitting my information I agree to the Privacy Policy and Terms of Service. Any questions? [email protected]
You have now been signed up to our newsletter with the email address provided:
Trending…
Stay current on the latest news and research on how central banks and supervisors are responding to the climate crisis.