https://theclimatecenter.org/wp-content/uploads/2019/11/6203914200_e86b701a89_h.jpg 1200 1600 Nina Turner https://theclimatecenter.org/wp-content/uploads/2021/11/The-Climate-Center-Logo_RGB-1.svg Nina Turner2020-02-25 10:03:482020-02-25 20:07:10Report: 70% of central banks see climate change as a ‘major threat’
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.