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].
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.
Ten Financial Actors Can Accelerate a Transition Away from Fossil Fuels
This study examines the equity ownership of the world’s unburnable fossil fuel reserves, finding that just ten organisations own nearly half of all reserves and have a disproportionate influence over the fossil fuel industry.
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 …
Central Banks and Climate Change
Fit, Opportunity and Suitability in the Law and Beyond
This paper and an accompanying blog post use a systematic methodology and legal perspective to analytically address mandate, independence and other objections to greater central bank action on climate change.
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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