Research Archive

A person wades through floodwaters outside the Doge's Palace in Venice
Research| September 20, 2022

NGFS Scenarios for Central Banks and Supervisors

The NGFS has released the third iteration of their climate scenarios, updating them with the latest economic and climate data, current national policy commitments and improved modelling of physical risks. …

Written by Network for Greening the Financial System
A solar panel and a wind turbine against a blue sky
Research| September 15, 2022

Not Too Late

Confronting the Growing Odds of a Late and Disorderly Transition

This NGFS paper compares current fossil energy price increases to an involuntary price on carbon, arguing that they offer a “narrow but unique opportunity” to accelerate the transition to net zero.

Written by Network for Greening the Financial System
Four adults and a child stand in floodwaters in floodwaters in a Bangladeshi village
Research| September 1, 2022

Acute Climate Risks in the Financial System

Examining the Utility of Climate Model Projections

This paper finds that top-down climate risk approaches, such as those used by the NGFS, are of limited value at the granular scale relevant to the financial sector.

Written by A J Pitman et al
$100 bills spread out in a disordered fashion on a flat surface
Research| July 19, 2022

Sustainable Management of Central Banks’ Foreign Exchange Reserves

This paper explores the role central banks’ foreign exchange reserves portfolios can play in mobilising public sector investment to support the net-zero transition.

Written by Inspire
Six yellow notes pinned to a board, each featuring a hand-drawn graph
Research| July 13, 2022

NGFS: Final Report on Bridging Data Gaps

This final report from the NGFS’s workstream on data gaps reviews climate-related data availability, introduces a new directory of data sources and calls for consistent and comparable global disclosure standards and green taxonomies.

Written by Network for Greening the Financial System
Worker installing solar panels
Research| May 30, 2022

Capturing Risk Differentials from Climate-related Risks

This Network for Greening the Financial System report examines the case for overhauling central banks’ capital requirements and buffers based on climate considerations. …

Written by Network for Greening the Financial System
Aerial view of three tall power station chimneys, emitting smoke or steam
Research| May 23, 2022

Central Banks and Climate-related Disclosures

Applying the TCFD’s Recommendations

With a growing number of central banks applying the TCFD recommendations to their own portfolios, this paper suggests how such disclosures can be optimised.

Written by Inspire
Research| May 21, 2022

The Double Materiality of Climate Physical and Transition Risks in the Euro Area

This ECB working paper examines how bank climate risk assessments and company carbon pricing expectations affect investment decisions, the economy and climate mitigation trajectories.

Written by ECB
A yellow-and-black butterfly rests on plant with pink flowers
Research| April 20, 2022

An Exploration of Nature-Related Financial Risks in Malaysia

This joint report from Bank Negara Malaysia and the World Bank assesses the exposure of Malaysian banks to sectors and regions that are extremely vulnerable to nature-related risks.

Written by World Bank & Bank Negara Malaysia

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