Flood Risk Mapping in the New York Federal Reserve’s Second District
Widespread inaccuracies in flood risk mapping may result in inadequate insurance coverage with banks less likely to lend into areas with inaccurate maps, say economists.
Report on Microprudential Supervision of Climate-related Litigation Risks
Climate litigation is a rapidly growing source of risk for financial institutions, but the supervisory framework for addressing this is only at an “early stage of development”, a NGFS report says. …
Overcoming the Babel Tower Challenge
Colombia was the first country in the Americas to develop a green taxonomy, and this WWF report says it can be used as a regional blueprint. The authors also give advice to countries to design interoperable, fit-for-purpose taxonomies.
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. …
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