The climate crisis is increasingly being addressed in the context of central banks and financial regulators. Below, we have compiled relevant research and policy proposals that have been written over the past few years.This is a non-exhaustive list and there is a lot more research out there. Help us by sharing new research and proposals at [email protected].
Inflation and Climate Change
The Role of Climate Variables in Inflation Forecasting and Macro Modelling
This policy briefing examines the lack of climate-related input into conventional central bank macroeconomic and inflation modelling, offering recommendations to better integrate climate-related risks into forecasting frameworks.
How Regional Federal Reserve Banks Can Contend with Economic Risk from Climate Change
This study reviews 40 years of ‘Beige Book’ reporting from the 12 regional US Federal Reserve banks, focusing on their response to climate-related events and offering recommendations to address the growing climate threat to US financial and price stability.
Aligning Financial and Monetary Policies with the Concept of Double Materiality
Rationales, Proposals and Challenges
This paper from six Banque de France authors outlines between organisational risk, systemic risk and post risk rationales for the use of double materiality, suggesting policy implications and challenges for each.
Looking Over the Horizon
The Case for Prioritizing Climate-Related Risk Supervision of Banks
This paper by the Roosevelt Institute and Public Citizen argues that safety and soundness supervision is a mechanism that can be deployed quickly and flexibly to guard against emerging financial risks posed by climate change. Although both of the organisations …
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