A Toolbox for Sustainable Crisis Response Measures for Central Banks and Supervisors (Europe)

Simon Dikau (LSE), Ilmi Granoff (ClimateWorks Foundation), Irene Monasterolo (Vienna University of Economics), Frank Pierschel (BaFin), Nick Robins (LSE) & Ulrich Volz (SOAS)

Central banks and financial supervisors are playing a crucial role in shaping the responses to the crisis brought about by the COVID-19 pandemic in both the immediate stabilisation phase and the subsequent recovery phase. To avoid lock-in to a high-carbon recovery and fulfil their mandates for financial stability, central banks and supervisors need to align their COVID-19 response measures with the Paris Agreement.

Numerous instruments that are already being applied by central banks and financial supervisors in the crisis can be calibrated in ways that account for climate- and other sustainability-related financial risks and/or contribute to the achievement of climate and sustainability goals. Based on a newly published INSPIRE Policy Brief produced by the LSE Grantham Research Institute on Climate Change and the Environment and the SOAS Centre for Sustainable Finance, this webinar will discuss options for central banks and financial supervisors to incorporate climate and sustainability factors into COVID-19 crisis response measures.

Participation is free but registration is necessary. Please register here .

Schedule:

Presentation of the INSPIRE Briefing Paper “A Toolbox for Sustainable Crisis Response Measures for Central Banks and Supervisors”

Simon Dikau (Research Officer, Grantham Research Institute on Climate Change and the Environment) & Ulrich Volz (Director of the SOAS Centre for Sustainable Finance at SOAS, University of London)

Panel discussion followed by Q&A

Frank Pierschel (Chief Sustainable Finance Officer and Head of International Banking Supervision, BaFin)

Irene Monasterolo (Assistant Professor of Climate Economics and Finance at the Institute for Ecological Economics, Vienna University of Economics)

Ilmi Granoff (Director of Sustainable Finance Program, ClimateWorks Foundation & Co-Chair, INSPIRE)

Chair: Nick Robins (Professor in Practice for Sustainable Finance, Grantham Research Institute on Climate Change and the Environment)

The event forms part of the Sustainable Crisis Recovery project led by E3G, the SOAS Centre for Sustainable Finance, the SEACEN Centre, and the Bennett Institute for Public Policy at the University of Cambridge. The project examines the options available to monetary and financial authorities in order to respond to the current economic crisis in a way that is consistent with national commitments to environmental and sustainability goals. The project is funded by the International Network for Sustainable Financial Policy Insights, Research & Exchange (INSPIRE).

Contact email: uv1@soas.ac.uk