Disclosures and taxonomies vital for climate risk understanding – RBNZ official
Central banks also need to ensure staff are skilled in climate risk
Central banks need increased disclosures and better taxonomies to ensure their frameworks are fit to address climate risks, a senior official at the Reserve Bank of New Zealand said on July 30.
In an op-ed, RBNZ assistant governor Simone Robbers noted climate risks were “difficult to identify, price, allocate and manage with accuracy”.
“We need new tools, like increased disclosures and better taxonomies, to give us accurate information and frameworks for action,” she said.
New Zealand was one
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