The academic literature and policy discussions on the role that central banks and financial
supervisors (CBFS) should play in the ecological transition, almost nonexistent five years …

Financial risks related to climate change and biodiversity loss are currently being addressed
in a largely siloed manner. Neglecting their interconnections, however, may lead to 'blind …

If the free market cannot deliver a low carbon financial revolution, what sort of interventions
in financial markets might be necessary to do so? Using interviews, participant observation …

Central banks and financial supervision authorities increasingly acknowledge that climate
change poses significant threats to financial and monetary stability (NGFS, 2019; NGFS …

Climate-related financial risks (CRFR) are now recognised by central banks and supervisors
as material to their financial stability mandates. But while CRFR are considered to have …

Climate change and biodiversity loss have primarily been approached by financial
authorities (central banks and supervisors) from the perspective of financial risk. The …

Climate change became a central issue in 1988 with the creation of the Intergovernmental
Panel on Climate Change. Financial authorities only started to take up the subject in 2015 …

This article examines how addressing climate-related risks and supporting mitigation and
adaptation policies fit into central bank mandates. We conduct an analysis of mandates and …

There is growing presumption that central banks have a significant role to play in addressing
environmental challenges, especially climate change. This article explains, on the basis of …

Climate change poses financial risks to individual firms and is a source of systemic risk to
the stability of financial systems. Central banks are emerging as key state actors in …