IMFx: Macroeconomics of Climate Change: Climate Risks for the Financial Sector

By the end of the course, you will be able to:

• • • Identify the need for improving the availability of climate-change-related financial information and the three building blocks underpinning climate information architecture.
  • Explain latest developments in regulation and supervision of climate related financial risks and the theoretical basis for climate risk regulation shaping designs of regulatory and supervisory frameworks.
  • Describe the importance of assessing climate risks using stress testing frameworks and provide an overview of climate scenarios as well as climate risk analysis frameworks.
  • Describe the implications of climate change risks on central bank operations and how central banks can adjust their operations to mitigate financial sector risks stemming from climate change.