central banks, and financial supervisors worldwide to discuss gaps, good have implemented a sustainable taxonomy, 20% practices, challenges, and plans to ensure that the financial sector fully § Although climate issues have received the most are in the process of developing one, and 36% now accounts for climate- and nature-related risks and opportunities. [...] This gap to deploy capital for climate and nature finance – in particular for climate adaptation and natural overlooks the fact that unmanaged negative external impacts from the activities of banks and climate solutions - including developing new innovative financial schemes and accelerating the insurers—such as financing or underwriting thermal coal and fossil fuel expansion—inevitably deployment. [...] SUSREG 2024 6 @Freepik MONETARY POLICY AND INTERNAL LEADERSHIP BY CENTRAL BANKS AND FINANCIAL REGULATORS 01 Integrate climate, environmental, and social considerations into the allocation of both monetary and non-monetary portfolios and ensure transparent disclosure of the impacts: It is crucial for central banks to adopt sustainable investment approaches for their balance sheets and to green thei. [...] @Freepik ENABLING ENVIRONMENT 01 Policymakers should broaden the mandate of Central Banks and Financial Regulators to include climate and nature-positive goals: While climate and environmental risks already pose threats to financial and price stability, the transition towards a carbon-neutral and nature- positive economy i. [...] The initiative includes reskilling and upskilling programs to help workers transition to new jobs in the green economy, financial assistance to ease the economic burden of the transition, and investment in community development to ensure that all regions benefit from the shift to net zero.
- Pages
- 10
- Published in
- Germany
