Climate change challenges for central banks and financial regulators

Campiglio, E.; Dafermos, Yannis; Monnin, P.; Ryan-Collins, J.; Schotten, G.; Tanaka, M.

Abstract

The academic and policy debate regarding the role of central banks and financial regulators in addressing climate-related financial risks has rapidly expanded in recent years. This Perspective presents the key controversies and discusses potential research and policy avenues for the future. Developing a comprehensive analytical framework to assess the potential impact of climate change and the low-carbon transition on financial stability seems to be the first crucial challenge. These enhanced risk measures could then be incorporated in setting financial regulations and implementing the policies of central banks.

Citation

Campiglio, E., Dafermos, Y., Monnin, P., Ryan-Collins, J., Schotten, G., & Tanaka, M. (2018). Climate change challenges for central banks and financial regulators. Nature Climate Change, 8(6), 462-468

• Journal Article Type: Article
• Acceptance Date: Apr 25, 2018
• Online Publication Date: May 30, 2018
• Publication Date: Jul 1, 2018
• Deposit Date: Jun 1, 2018
• Publicly Available Date: Nov 30, 2018
• Journal: Nature Climate Change
• Print ISSN: 1758-678X
• Publisher: Nature Research
• Peer Reviewed: Peer Reviewed
• Volume: 8
• Issue: 6
• Pages: 462-468
• Keywords: climate change, central banks, financial regulators
• Public URL: https://uwe-repository.worktribe.com/output/865204
• Publisher URL: https://www.nature.com/articles/s41558-018-0175-0
• Additional Information: Additional Information : This is the author's accepted manuscript. The final published version is available here [https://www.nature.com/articles/s41558-018-0175-0]