Thursday, Oct 26, 2023
Executive Panel: 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.
Opening Remarks:
The Honourable Ahmed Hussen, Minister of International Development, Government of Canada
Panelists:
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)
Moderator:
Jean Pesme, Global Director, Finance, Competitiveness & Innovation, World Bank
Read the transcript here. Read their biographies here.
Listen to the Podcast:
Watch the Panel Session: