Basel Committee ‘stock take’ highlights progress on climate risks

Climate change: Where can central banks contribute?

The Basel Committee on Banking Supervision says the majority of its members are taking action to address climate risks, though some have made more progress than others.

A “stock take” by the committee’s Task Force on Climate-related Financial Risks received responses from 27 central banks and other observers. Most members consider it appropriate to tackle climate risks within existing regulatory frameworks, a report on the stock take says.

An “overwhelmingly large share” of respondents have

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