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