Banks and regulators call for global climate risk standards

Mark Carney
Mark Carney
Bank of England

Some of the largest banks and major regulators are pushing policy-makers to agree common standards on climate risk, to help the financial sector make the switch to financing a lower-carbon economy.

Ahead of the G20 summit next month and the twenty-sixth UN Climate Change Conference (COP 26) – to be held in Glasgow in November 2021 – there are warnings that, without uniform international standards, global systemically important banks will be more reluctant to use their balance sheets to help

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