NGFS-GRASFI-INSPIRE exchange – 1st edition

Introductions and motivations will be shared by Romain Svartzman (Banque de France; NGFS secretariat), Peter Tankov (Institut Polytechnique de Paris; GRASFI) and Ilmi Granoff (ClimateWorks Foundation; INSPIRE) at the first of a series of NGFS-GRASFI-INSPIRE exchanges.

Emanuele Campiglio (Vienna University of Economics and Business) presented his research “Capital stranding cascades: The impact of decarbonisation on productive asset utilisation”, co-authored by Louison Cahen-Fourot (Vienna University of Economics and Business), Elena Dawkins (Stockholm Environment Institute), Antoine Godin (Agence Française de Développement Institut für Makroökonomie und Konjunkturforschung) and Eric Kemp-Benedict (Stockholm Environment Institute).

Research available at https://epub.wu.ac.at/6854/1/WP_18_final.pdf

Hosted by NGFS-GRASFI-INSPIRE

NGFS-GRASFI-INSPIRE exchange – Climate Transition Risk in U.S. Loan Portfolios: Are All Banks The Same?

Quyen Nguyen (CEFGroup & Department of Accountancy & Finance, University of Otago, New Zealand) and Ivan Diaz-Rainey (CEFGroup & Department of Accountancy & Finance, University of Otago, New Zealand) will present their research ‘Climate Transition Risk in U.S. Loan Portfolios: Are All Banks The Same?’, co-authored by Duminda Kuruppuarachchi (CEFGroup & Department of Accountancy & Finance, University of Otago, New Zealand), Matthew McCarten (Oxford Sustainable Finance Programme, Smith School of Enterprise and the Environment, University of Oxford, UK) and Eric K.M. Tan (University of Queensland Business School, University of Queensland, Australia).

The NGFS-GRASFI-INSPIRE exchange is designed to strengthen the connection, collaboration and research exchange between the central bankers, financial supervisors and the academic community to share and explore new and innovative research that advances the agenda on greening the financial system. New editions occur monthly and are co-organised by the NGFS Secretariat, INSPIRE and GRASFI (the NGFS’ two designated global research stakeholders). This 4th edition is hosted by GRASFI

NGFS-GRASFI-INSPIRE exchange – Indebted to nature: Exploring biodiversity risks for the Dutch financial sector

Danijela Piljic (De Nederlandsche Bank) and Joris van Toor (De Nederlandsche Bank) will present their research ‘Indebted to nature: Exploring biodiversity risks for the Dutch financial sector’, co-authored by Guan Schellekens (De Nederlandsche Bank), Mark van Oorschot (PBL Netherlands Environmental Assessment Agency) and Marcel Kok (PBL Netherlands Environmental Assessment Agency).

The NGFS-GRASFI-INSPIRE exchange is designed to strengthen the connection, collaboration and research exchange between the central bankers, financial supervisors and the academic community to share and explore new and innovative research that advances the agenda on greening the financial system. New editions occur monthly and are co-organised by the NGFS Secretariat, INSPIRE and GRASFI (the NGFS’ two designated global research stakeholders). This 3rd edition is hosted by the NGFS.

NGFS-GRASFI-INSPIRE exchange – Climate-related financial policy in a world of radical uncertainty

Josh Ryan-Collins (University College London) will present his research “Climate-related financial policy in a world of radical uncertainty – towards a precautionary approach co-authored with Hugues Chenet (University College London) and Frank van Lerven (New Economics Foundation).

The NGFS-GRASFI-INSPIRE exchange is designed to strengthen the connection, collaboration and research exchange between the central bankers, financial supervisors and the academic community to share and explore new and innovative research that advances the agenda on greening the financial system. New editions occur monthly and are co-organised by the NGFS Secretariat, INSPIRE and GRASFI (the NGFS’ two designated global research stakeholders). This 2nd edition is hosted by INSPIRE.

 

NGFS-GRASFI-INSPIRE exchange – Climate change and sovereign risk

Ulrich Volz (SOAS, University of London) will present his research “Sovereign risk and climate change“, co-authored with John Beirne (Asian Development Bank Institute), Natalie, Fenton Ambrosio Preudhomme (Four Twenty Seven), Adrian Fenton (WWF Singapore), Emilie Mazzacurati (Four Twenty Seven), Nuobu Renzhi (Asian Development Bank Institute), and Jeanne Stampe (WWF Singapore).

This will be followed by Matthew Agarwala (University of Cambridge) who will present his research “Climate change and sovereign credit ratings”, co-authored by Matt Burke (University of East Anglia and University of Cambridge), Patrycja Klusak (University of East Anglia and University of Cambridge), Moritz Kraemer (SOAS, University of London and Goethe-University) and Kamiar Mohaddes (University of Cambridge).

The NGFS-GRASFI-INSPIRE exchange is designed to strengthen the connection, collaboration and research exchange between the central bankers, financial supervisors and the academic community to share and explore new and innovative research that advances the agenda on greening the financial system. New editions occur monthly and are co-organised by the NGFS Secretariat, INSPIRE and GRASFI (the NGFS’ two designated global research stakeholders). This 6th edition is hosted by INSPIRE

NGFS-GRASFI-INSPIRE exchange – Climate risk and commodity currencies

Vegard H. Larsen (Norges Bank), who will present his paper on “Climate risk and commodity currencies“, co-authored with Felix Kapfhammer (Norges Bank) and Leif Anders Thorsrud (Norges Bank).

The NGFS-GRASFI-INSPIRE exchange is designed to strengthen the connection, collaboration and research exchange between the central bankers, financial supervisors and the academic community to share and explore new and innovative research that advances the agenda on greening the financial system. New editions occur monthly and are co-organised by the NGFS Secretariat, INSPIRE and GRASFI (the NGFS’ two designated global research stakeholders). This 5th edition is hosted by the NGFS

New Research Frontiers for Greening the Financial System: INSPIRE workshop

The International Network for Sustainable Financial Policy Insights Research and Exchange (INSPIRE) is an independent network purpose-built to commission insights from best-in-class scholars and analysts in all parts of the world. As well as commissioning new research, INSPIRE also seeks to communicate the results widely and convene researchers, policymakers and practitioners. The focus of INSPIRE is on the research challenges facing central banks and supervisors as they work to identify their role in responding to environmental challenges, such as climate change.

In April 2019, the Network for Greening the Financial System (NGFS), an international coalition of 30+ central banks and supervisors, published its first comprehensive report on the state of practice, identifying key priorities for future action, including a range of research questions. INSPIRE along with GRASFI have been chosen by NGFS to be Global Research Stakeholders.

The aims of the workshop are: first, to provide an opportunity to explore the NGFS’ research agenda in-depth; second, to share knowledge and experience from across the INSPIRE network, including from its first call for research proposals; third, to generate useful insights for both policymakers and researchers: a synthesis report will be produced and published in October.
With the research gaps to be filled becoming clearer to central banks and the research community, it is now time to drill deep into the critical issues that need further exploration. To this end, the workshop will address one specific central issue from each NGFS workstream as well as a critical cross-cutting priority

NGFS-GRASFI-INSPIRE exchange – Greening Monetary Policy: Evidence from the People’s Bank of China

lain Naef (Banque de France) will present his research ‘Greening Monetary Policy: Evidence from the People’s Bank of China‘  co-authored with Camille Macaire (Banque de France).

The NGFS-GRASFI-INSPIRE exchange is designed to strengthen the connection, collaboration and research exchange between the central bankers, financial supervisors and the academic community to share and explore new and innovative research that advances the agenda on greening the financial system. New editions occur monthly and are co-organised by the NGFS Secretariat, INSPIRE and GRASFI (the NGFS’ two designated global research stakeholders). This 10 edition is hosted by the NGFS

NGFS-GRASFI-INSPIRE exchange – Business risk and the emergence of climate analytics

Andy Pitman (University of New South Wales) and Tanya Fiedler (University of Sydney Business School) will present their recent paper “Business risk and the emergence of climate analytics” co-authored with Kate Mackenzie, Nick Wood (Climate Policy Research), Christian Jakob (Montash University) & Sarah E. Perkins-Kirkpatrick (University of New South Wales).

The NGFS-GRASFI-INSPIRE exchange is designed to strengthen the connection, collaboration and research exchange between the central bankers, financial supervisors and the academic community to share and explore new and innovative research that advances the agenda on greening the financial system. New editions occur monthly and are co-organised by the NGFS Secretariat, INSPIRE and GRASFI (the NGFS’ two designated global research stakeholders). This 9 edition is hosted by the NGFS

NGFS-GRASFI-INSPIRE exchange – Risks on global financial stability induced by climate change

Antoine Mandel (Paris School of Economics) will present the paper “Risks on global financial stability induced by climate change” co-authored with Timothy Tiggeloven (Vrije Universiteit Amsterdam), Daniel Lincke (Global Climate Forum), Elco Koks (Vrije Universiteit Amsterdam), Philip Ward (Vrije Universiteit Amsterdam), Jochen Hinkel (Global Climate Forum).

The NGFS-GRASFI-INSPIRE exchange is designed to strengthen the connection, collaboration and research exchange between the central bankers, financial supervisors and the academic community to share and explore new and innovative research that advances the agenda on greening the financial system. New editions occur monthly and are co-organised by the NGFS Secretariat, INSPIRE and GRASFI (the NGFS’ two designated global research stakeholders). This 8th edition is hosted by GRASFI