A new climate of change

Central banks are warming up to address climate risks just as US interest cools

Central banks and financial regulators have taken an increasingly active role in addressing the risks associated with climate change across the regulatory, investment and monetary policy fields. The scale of interest is reflected by the growth in the membership of the Network for Greening the Financial Sector, which stood at 138 in March this year – up from just eight when the body was unveiled in late 2017.  

Ongoing NGFS efforts include work to develop and improve supervisory practices related

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