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Climate change and the role of central banks

How does climate change affect financial stability? Why isn’t the ECB buying more green bonds? How can banks better prepare for climate-related risks? Our host Michael Steen discusses these questions with expert guests Fatima Pires, Madelaine Roos and Patrick Amis.

The views expressed are those of the speakers and not necessarily those of the European Central Bank.

Published on 3 March 2020 and recorded on 5, 6 and 13 February 2019.

In this episode

02:08
Climate change and financial stability

The risks emerging from climate change (physical and transition risks), their effects on financial stability, how stress tests help spot these risks and why international cooperation is key.

13:22
Climate change and the green market

Why we don’t just buy more green bonds, how a taxonomy can help identify green assets and what the ECB is doing to make its own funds more sustainable.

20:47
Climate change and banks

The role of banks in the shift to a more sustainable economy, how supervisors can help banks prepare for risks stemming from climate change and why transparency is important to better understand climate risks.