Research Archive
NGFS Long-term Scenarios for Central Banks and Supervisors – Phase 5
Latest NGFS scenarios show climate-induced economic losses up to four times greater than under previous modelling. Urgent action is needed as sluggish progress risks increasingly disruptive transition.
Model-based Financial Regulations Impair the Transition to Net-zero Carbon Emissions
Carbon biases in model-based financial regulations discourage banks from divesting high-carbon assets and amplify systemic climate risks, say Oxford University researchers.
Imposing Sustainability Disclosure on Investors
EU funds lowered their carbon emissions following the introduction of mandatory sustainability reporting, finds this paper for the European Corporate Governance Institute.
A Common Path to Improve European Climate Risk Stress Testing and Scenarios Analysis
Survey results show banks are gaining valuable insights from climate risk stress tests, but improvements are needed to effectively manage those risks.
Climate-related financial policy index
This comprehensive study examines the climate-related financial policies of 74 countries between 2000 and 2020 to create an index ranking each country across five green policy areas.
Include Mandatory Banking Transition Plans Within Pillar 2
This paper by the Institute for Climate Economics makes the case for climate transition plans to be fully integrated into prudential regulation for banks in the European Union.
Central Banking and Climate Action
Although the PBoC operates within China’s unique economic, political, and financial environment, there is considerable scope for its policies to be replicated elsewhere.
Realising Central Banks’ Climate Ambitions Through Financial Stability Mandates
Effective green central banking governance should be based on a synthesis between monetary and macroprudential policymaking, finds this study of G20 climate-related policies and mandates.
Assessing Financial Risks from Physical Climate Shocks : A Framework for Scenario Generation
Scenarios developed to assess the financial risks from physical climatic events do not fully capture such shocks, finds this World Bank paper from three distinguished sustainable finance academics.
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