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Report: 70% of central banks see climate change as a ‘major threat’

European Investment Bank
European Investment Bank

By Emily Holbrook, Environmental Leader


Regulatory institutions and central banks are beginning to consider climate change a threat to the world’s financial stability.

  • 55% of central banks say they are monitoring climate risks, but some of them feel that governments should be the ones mitigating climate issues
  • Central banks and regulatory authorities are beginning to integrate sustainability criteria standards for green finance and mandates for climate-related financial disclosures
  • Though only a small percentage of regulators surveyed include climate-related considerations in stress tests, 79% of respondents intend to add these considerations to their future stress tests

The Climate Center’s Business of Clean Energy program helps businesses find ways to become more climate-friendly.

Read More: https://www.environmentalleader.com/2020/02/report-70-of-central-banks-see-climate-change-as-a-major-threat/