BIS’s Luiz Pereira on tackling the climate crisis

Luiz Awazu Pereira da Silva
Photo: Louis Rafael Rosenthal

How have things changed in the past year, since the Green swan book came out?1

There is much higher awareness of the specifics of climate-related risks, what we call “green swans”. They are of a very different nature to other risks: they are irreversible, they are bound to happen, they are not the tail of a distribution. They have tipping points, beyond which they trigger very different types of severe ramifications compared to other financial crises.

The Green Swan conference was a

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account