Research Archive

Gold statue of Lady Justice holding scale.
Research| November 9, 2023

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. …

Published by Network for Greening the Financial System
Research| October 11, 2023

Green ECB Speeches Matter

The ECB’s green speeches have a “substantial and statistically significant impact” on stock returns and can be used to further green goals, finds this paper by senior officials at Hungary’s central bank.

Published by Magyar Nemzeti Bank
A golden statue of Lady Justice against a blue sky
Research| September 19, 2023

Climate Related Litigation

Recent Trends and Developments

Climate litigation is “growing rapidly” and central banks should monitor associated financial risks, says the Network for the Greening of the Financial System.

Published by Network for Greening the Financial System
An aerial view of Cape Town, stretching from the coast to Table Mountain on the horizon
Research| May 9, 2023

The Implications of National and International Carbon-Pricing Policies for the South African Reserve Bank

Sarb researchers explore the financial stability implications of carbon pricing schemes and carbon border taxes, and make recommendations to create more robust carbon risk monitoring.

Published by South African Reserve Bank
Aerial landscape of Drax power station polluting the atmosphere with carbon dioxide emissions
Research| April 4, 2023

Carbon Default Swap

Disentangling the Exposure to Carbon Risk Through CDS

Researchers develop an innovative risk proxy that can be used to assess how carbon risk exposure influences firms’ creditworthiness on a granular level. The results show that carbon risk is a determinant of credit risk.

Published by Grantham Institute
A simple map of Europe and North Africa displayed on a monitor, over which is scattered red circles of various sizes.
Research| February 24, 2023

Towards Climate-related Statistical Indicators

This report reviews the European Central Bank’s first climate-related statistical indicators, which are designed to improve assessments of climate risks and green financing. …

Published by European Central Bank

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