Tag: Climate Risk

Building Blocks for Central Banks to Develop Nature Scenarios

, and | 27 January 2023
Monetary, Policy Briefs | Tags: Central Banks, Climate Risk, Environment, Financial Stability
In reviewing a selection of models currently used in economic and nature loss assessments, five key issues emerge for model and scenario development. ... continue reading

How the State Bank of Vietnam Deals With Climate Risks

and | 13 December 2022
Fiscal, Op-Eds | Tags: Central Banks, Climate Risk, Monetary Policy
In Vietnam, the central bank has successfully supported economic growth. However, by doing that, the State Bank of Vietnam (SBV) has also contributed – unintentionally – to fast-rising greenhouse gas emissions. ... continue reading

Is the Current Macroprudential Framework Fit for Climate Systemic Risk?

| 13 November 2022
Blog, Monetary | Tags: Central Banks, Climate Risk
Climate change and the transition to a low-carbon economy have a clear systemic dimension, and they potentially pose a systemic risk for the financial sector. This has been highlighted by several international and national financial authorities and urgently needs to be addressed. ... continue reading

Bridging the Disconnects – From Diagnosis to Action in Addressing Climate-Related Financial Risks

| 29 October 2021
Blog, Monetary | Tags: Central Banks, Climate Risk, Financial Regulation, Macroprudential Regulation
When the Financial Stability Oversight Council (FSOC) published its Report on Climate-Related Financial Risk last week, it triggered a wide range of reactions. Some praised it as a critical step in moving climate risks up the agenda amongst FSOC members such as the US Treasury, ... continue reading

Aligning Central Bank Refinancing Operations with the G20 Agenda

and | 6 October 2021
Monetary, Policy Briefs | Tags: Central Banks, Climate Risk, G20, Targeted Refinancing Lines
Since the Pittsburgh Summit in 2009, G20 leaders have repeatedly highlighted inclusive growth and environmental protection as core objectives in their joint declarations. With the widening of economic inequalities and the acceleration of climate change and biodiversity loss, their calls for action have gained further ... continue reading