The SAFE Policy Center and the Centre for Economic Policy Research (CEPR) Research Policy Network (RPN) on European Financial Architecture organize and cordially invite you to attend a web seminar
Presentation of the ECB/ESRB Climate Report
Stephan Fahr, Paul Hiebert, Laura Parisi and Fabio Tamburrini, European Central Bank
Moderator: Loriana Pelizzon, SAFE, Goethe University and CEPR
to be held on 12 March 2024, 11:00 a.m. - 12:00 p.m., online via Zoom
There are many indicators that can measure threats that climate change poses to financial stability. The macroprudential challenge is to corral these indicators into a coherent surveillance framework for managing risk. A recently published ECB/ESRB report harnesses a growing body of evidence on indicators into three primary categories: climate shocks, exposures to these shocks, and financial risks resulting from the interaction of exposure and prevailing vulnerabilities. Existing evidence can be used to tailor a macroprudential approach to addressing climate risks – that is, a strategy to contain risk for banks and for the broader financial system. The report also contains a first look at prospective financial stability impacts stemming from nature degradation, which could serve to exacerbate the financial stability impacts of climate change.
