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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.

People Moves, 19 January: Finnfund, Palatine, HSBC, Barclays ... and more

German central bank's Mauderer to lead NGFS

Bank of Japan warns of climate risk 'spillover' across industries from rise in carbon prices

Climate transition risks spurred by rising carbon prices could have damaging and widespread "spillover" effects across the Japanese economy - including to regional banks not substantially exposed to the worst-hit sectors, the Japanese central bank has warned.