Research Archive

Climate change is placing fiscal health under threat, say macroeconomic researchers, and policymakers must ramp up investment in climate change resilience to avoid adverse effects on financial stability.

This is the first study to examine how climate-related transition risks are assessed across different providers of risk metrics.

The European Central Bank must adopt a precautionary approach towards climate action, argues this paper from the Veblen Institute. While a central bank cannot fight global warming on its own, it has many tools with which to align financial flows …

This briefing paper identifies policy tools used by central banks during Covid-19, assessing how climate factors can be integrated.

This collaborative report from the central banks and monetary authorities of the Association of Southeast Asian Nations (ASEAN) assesses the implications of climate and environment-related risks for both financial and monetary stability within the region. It examines the roles and …

This analysis demonstrates that higher climate risk vulnerability leads to significant rises in the cost of sovereign borrowing. 

This analysis of the ECB’s CSPP finds that market neutrality causes significant bias towards carbon-intensive sectors.

This report explains how the European Central Bank can incentivise private banks to lend more money for green investments.

This paper identifies nature-related financial risks beyond climate change, including biodiversity loss, water scarcity, ocean acidification, and pollution, and proposes a precautionary policy approach of preventative action.