The Central Banks and Supervisors Network for Greening the Financial System — Chunyi’s study notes
In the Background: Last June’s global virtual “Green Swan” conference (found via FT Moral Money’s Gillian Tett, who moderated a beauty of a panel, direct link https://www.youtube.com/watch?v=KqssyOR8t9s)
About the conference: “The Bank for International Settlements, Bank of France, International Monetary Fund and Network for Greening the Financial System joined forces to co-sponsor a truly unique global virtual conference on “How in practice can the financial sector take immediate action against climate change-related risks?” https://www.bis.org/events/green_swan_2021/overview.htm
In surveying the NGFS website:
Firstly, an interesting find: the website has a video gallery! Videos are great for learning. As collective learning must be speeded up, they are very useful especially on the uber complex topic of climate change — in regard to which we are all currently sharing the experience of being students. (Overall, the climate risk related international central bank community discussions have impressed me by their respectful non-hegemony natured dialogue)
What is the network about?
“The Central Banks and Supervisors Network for Greening the Financial System (NGFS) is a group of Central Banks and Supervisors willing, on a voluntary basis, to exchange experiences, share best practices, contribute to the development of environment and climate risk management in the financial sector, and to mobilize mainstream finance to support the transition toward a sustainable economy. Its purpose is to define and promote best practices to be implemented within and outside of the Membership of the NGFS and to conduct or commission analytical work on green finance.”
The Five Workstreams: