Central banks and supervisors launch green finance group

paris-sunset
Paris was the site of a major climate agreement in 2016. The French government is now looking to maintain the momentum

Seven central banks and two supervisory authorities have formed a global group tasked with tackling risks related to climate change in the financial system and promoting forms of ‘green’ finance.

At the Paris summit on climate change on December 12, the authorities unveiled the new Network for Central Banks and Supervisors for Greening the Financial System, the first of its kind.

The central banks of China, France, Germany, Mexico, the Netherlands, Singapore and the UK, plus the Swedish

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