Taiwanese central bank unveils climate change strategy

Central bank aims to promote sustainable finance and incorporate climate factors in forecasting

The Central Bank of the Republic of China (Taiwan), Taipei
The Central Bank of the Republic of China
Kao Kuoen

Taiwan’s central bank will incorporate climate change risks into its forecasting models and promote sustainable finance, it announced on December 30.

In a document outlining its plan for climate change, the Central Bank of the Republic of China warned that climate risks could trigger an unexpected financial crisis and affect financial stability.

Insurance firm Swiss Re estimated that extreme climatic events caused economic losses of $1.93 trillion globally between 2012 and 2021, the report

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