Thursday, Oct 26, 2023
Executive Panel Session: Nature-Related Risks, Macroeconomic Impacts, and Transition Planning
Central banks and supervisors need to consider climate change and biodiversity loss, which are interconnected and mutually reinforcing. Looking ahead, dealing with nature-related risks may also involve transition plans. Transition plans are crucial to credible implementation.
The panel discussed:
- how central banks and supervisors should adjust to better capture climate-related impacts;
- the effects of tighter monetary policy on climate investments in industrialized economies and their implications for emerging markets and developing economies; and,
- what transition plans should entail and the objectives they should serve.
The Honourable Ahmed Hussen, Minister of International Development, Government of Canada
The Honourable John Rwangombwa, Governor, National Bank of Rwanda
Sabine Mauderer, Vice-Chair, Network for Greening the Financial System; Board Member, Deutsche Bundesbank
Jean-Paul Servais, Chair, IOSCO Board; Chair, Belgium's Financial Services and Markets Authority
Stefan Ingves, Chair, Toronto Centre; Former Governor, Sveriges Riksbank (Central Bank of Sweden)
Jean Pesme, Global Director, Finance, Competitiveness & Innovation, World Bank
Listen to the Podcast:
Watch the Panel Session: