Most central banks lack climate risk units

Just under half of institutions say they have difficulty hiring staff with matching skills

Only a small minority of central banks has a dedicated unit for climate risk, the Risk Management Benchmarks 2024 find. 

Thirty-three central banks provided data on the issue, but just four (12.1%) say they have a special unit for climate risks. The figure is a slight improvement over the 9% that reported having climate risk units in the 2023 benchmark, albeit with some differences in the sample.

Responding to a separate question, 10 (47.6%) of 21 central banks say they have faced challenges in

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