Macroeconomics of Climate: Climate Risks for the Financial Sector

This online course, presented by the IMF's Institute for Capacity Development, Monetary and Capital Markets Department, and Research Department, serves as the fifth in a six-part "Macroeconomics of Climate Change (MCCx)" series. In this offering, you will learn the key components of financial and monetary policies that can help manage physical and transition climate risks.

• 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.