Paving the Way for Greener Central Banks

Climate change has quickly become the most important challenge in our society. Nobody can exactly predict how climate change will affect the economy and the financial system worldwide. What is certain is that financial actors have a key role to play in supporting and fostering a shift towards a low-carbon economy. In this context, central banks could have a primary function in both, tackling climate-related risks and those related to the transition and, potentially, proactively redirecting resources towards green initiatives.

The Istituto Affari Internazionali, in the framework of its partnership with Intesa Sanpaolo, carried out a research effort investigating how central banks around the world are incorporating different types of climate-related risk and climate considerations in current regulations to foster and achieve greener policies. This webinar presented the volume “Paving the way for greener central banks. Current trends and future developments around the globe”. The book provides an analysis of what central banks and national/international financial institutions around the world are doing in this direction and it looks at future developments.