🚢 Overly-sunny economic forecasts mislead the financial system into a climate financial storm🌪️

A new report by @carbontracker.bsky.social & @exeter.ac.uk warns models miss #GreenSwan shocks.

Regulators must act now – before a #climateMinsky moment hits 👉 www.finance-watch.org/blog/mislead...

Green Swan 2024: climate crisis compels central banks to adopt novel strategies New approaches are needed to combat threats to price stability posed by climate change, say panellists at Green Swan conference.

In part two of our coverage of the BIS’s #GreenSwan conference we look at the discussion - moderated by Fundi Tshazibana, vice-chair of the NGFS - around how monetary policy needs to change to deal with climate change and the energy transition.

greencentralbanking.com/2024/11/20/g...

Green Swan 2024: ignoring climate ‘misses our duty’ Leading figures in central banking, regulation and industry met to discuss the impact of climate on the real economy and monetary policy at the Green Swan conference.

Leading figures in central banking, regulation and industry met to discuss the impact of climate on the real economy and monetary policy at the #GreenSwan conference.

Read the Green Central Banking coverage: greencentralbanking.com/2024/11/20/c...

#ClimateChange

Green Swan 2024: climate crisis compels central banks to adopt novel strategies New approaches are needed to combat threats to price stability posed by climate change, say panellists at Green Swan conference.

Guerrieri floated the ideas of higher inflation targets, which she later hinted could be around 3%, and extending projection horizons as potential adjustments.

Read more: greencentralbanking.com/2024/11/20/g...

#GreenSwan #MonetaryPolicy #ClimateChange #EnergyTransition

Green Swan 2024: climate crisis compels central banks to adopt novel strategies New approaches are needed to combat threats to price stability posed by climate change, say panellists at Green Swan conference.

In part two of our coverage of the BIS’s #GreenSwan conference we look at the discussion - moderated by Fundi Tshazibana, vice-chair of the NGFS - around how monetary policy needs to change to deal with climate change and the energy transition.

greencentralbanking.com/2024/11/20/g...