Central Banks and Climate Risk Management
Amit Kara
30 years: Macroeconomist
In this video, Amit discusses climate change and the role that central banks can play in helping navigate the economy towards net zero. Amit makes a compelling case for why climate change risk management should be included in the mandate for every central bank.
In this video, Amit discusses climate change and the role that central banks can play in helping navigate the economy towards net zero. Amit makes a compelling case for why climate change risk management should be included in the mandate for every central bank.
Central Banks and Climate Risk Management
12 mins 35 secs
Amit makes the case for central banks to address climate change as an issue beyond their core mandate. Ultimately arguing that climate change risk is entirely consistent with the central bank’s financial stability and price stability mandates. Central banks have multiple policy tools available to tackle climate change first hand - for example climate stress tests.
Key learning objectives:
Explain the relevance of climate change
Discuss climate risk in the context of the central bank’s mandate
List some of the actions undertaken by central banks
Amit Kara
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