BoE climate stress tests results to be shared with NGFS
Carney says tests will highlight firms that are not implementing appropriate policies
The Bank of England will share the results of its climate stress tests with 50 other central banks when it becomes the first regulator to assess its major financial institutions against different “climate pathways”.
In a speech on December 10, governor Mark Carney said the tests – scheduled for 2021 – would include a “catastrophic business-as-usual scenario” as well as a scenario that mimics the transition to net zero by 2050.
The UK became the first G7 economy to pass laws to end its
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