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Trio of reports to set out importance of policy reform to spur climate finance

Central banks face higher risk of monetary policy mistakes due to climate change, NGFS says

The increasing frequency and intensity of floods, earthquakes and heatwaves due to climate change is likely to make it harder for central banks to forecast inflation and productivity, thereby raising the risk of "mistakes", a group of central banks has suggested.

Judging the credibility of transition plans, part two

Investors preparing for a wave of transition plan disclosures face a complicated task to determine 'what good looks like', Michael Hurley writes

Central banks face tough questions to balance climate work and inflation, NGFS says

Plans by central banks to escalate monetary policy measures to tackle climate-related financial risks may have to be revisited to consider their utility in the current raised interest rate environment, according to the Network for Greening the Financial System (NGFS).

People Moves, 8 July: Lloyds, Bridges, IFRS, ESG Book, Permira ... and more

NGFS encourages central banks to model 'worst-case' climate impacts

The Network for Greening the Financial System (NGFS) has encouraged central banks to disclose the results of analysis exploring the worst-case scenario for climate-related physical and transition risks.

Investors 'need direction from policymakers' on transition

Policymakers have been urged to provide clear transition pathways and identify a "most likely scenario" to help investors develop their own transition plans.

NGFS publishes recommendations on sustainable investment for central banks

Global guidance on transition plans would be welcome, NGFS says

Users may need to tweak our climate scenarios, says NGFS

Users of models to project the impacts of climate "should determine and be prepared to justify" which scenarios best suit their needs, the Network for Greening the Financial System (NGFS) has said.