A climate of change

Central banks are striving to take practical steps to tackle climate change risks. Can they succeed?

A group of 36 central banks and supervisors plans to introduce a series of practical actions aimed at ensuring climate risks are fully factored into future financial decision-making. The Network for Greening the Financial System (NGFS) includes a number of important central banks, including those from China, France, Germany and the UK. But are its objectives feasible?

When central bankers, such as Bank of England governor Mark Carney, first started talking four years ago about their role in

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