IMF’s Adrian says central banks should disclose climate risk exposure
Data gaps make it harder for central banks to set appropriate climate stress tests, he says
The International Monetary Fund’s chief financial economist has called on central banks to disclose their portfolio exposures to climate-related risk in an effort to incentivise the market to do the same.
Speaking on April 15, Tobias Adrian noted central banks would not be able to set effective climate stress tests if they did not have access to “high-quality data”.
“Climate change and the transition to a low-carbon economy are subject to fundamental uncertainty. The complexity of climate
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