Toronto Centre Podcasts

Toronto Centre Podcasts


Ep. 131 - Executive Panel Session: Nature-Related Risks, Macroeconomic Impacts, and Transition Planning

October 26, 2023

Central banks and supervisors need to consider climate change and biodiversity loss, which are interconnected and mutually reinforcing. Looking ahead, dealing with nature-related risks may also involve transition plans. Transition plans are crucial to credible implementation.


The panel discussed:

  • how central banks and supervisors should adjust to better capture climate-related impacts;
  • the effects of tighter monetary policy on climate investments in industrialized economies and their implications for emerging markets and developing economies; and,
  • what transition plans should entail and the objectives they should serve.


Opening Remarks:

The Honourable Ahmed HussenMinister of International Development, Government of Canada


Panelists:

The Honourable John Rwangombwa, Governor, National Bank of Rwanda

Sabine Mauderer, Vice-Chair, Network for Greening the Financial System; Board Member, Deutsche Bundesbank

Jean-Paul Servais, Chair, IOSCO Board; Chair, Belgium's Financial Services and Markets Authority

Stefan Ingves, Chair, Toronto Centre; Former Governor, Sveriges Riksbank (Central Bank of Sweden)


Moderator:

Jean Pesme, Global Director, Finance, Competitiveness & Innovation, World Bank


Read the transcript here. Read their biographies here.