A Toolbox of Sustainable Crisis Response Measures for Central Bank and Supervisors in the context of the US

10:00am – 11:30am (ET) / 3:00pm – 16:30pm (GMT)

Financial regulators in the US have acknowledged the strategic case to integrate the long-term risks associated with climate change into their routine operations.  The expectation is that we will see a more assertive agenda towards this objective with the change of administration.  The Fed has been an active observer in the NGFS and has recently requested full membership. With its enormous resources and research capabilities, it shouldn’t take long for the Fed to learn from and catch up with its European and Asian counterparts, which are at various stages of measuring and disclosing climate-related risks and using this information to avoid losses and maximize system stability. We need to start socializing what the ECB and others are grappling with in the current context: One of those topics is how to converge their COVID recovery strategies with the climate risk agenda.

This is the focus of this webinar. The advantage of doing so is twofold: it opens the door to talking about a much broader range of supervisory and monetary tools that may be considered controversial in non-COVID times. Secondly, we have at our disposal the 2nd edition of the INSPIRE Toolbox for Sustainable Crisis Responses which will help get us smart quickly on nine types of tools being applied in the crisis that could be calibrated to avoid the build-up of climate risks in the financial system.

The webinar is part of the INSPIRE-sponsored Sustainable Crisis Responses project by E3G, SOAS University of London, Bennett Institute at University of Cambridge, and SEACEN. The toolbox has already been presented to European and Asian markets. This is a chance for US audiences to familiarize themselves with the conversation.

Opening remarks

Bob Litterman (Founding Partner, Kepos Capital)

Presentation of the Toolbox

Simon Dikau (Research Officer, Grantham Research Institute on Climate Change and the Environment, London School of Economics)

Nick Robins (Professor of Practice in Sustainable Finance, Grantham Research Institute on Climate Change and the Environment, London School of Economics and INSPIRE Co-chair)

Discussion

Sarah Dougherty (Senior Green Finance Manager, Green Finance Center, Healthy People & Thriving Communities Program)

Danae Kyriakopoulou (Chief Economist & Director of Research, OMFIF)

Conclusion & Next steps

Ulrich Volz (Director of the Centre for Sustainable Finance, SOAS, University of London)

Ilmi Granoff (Director of the Sustainable Finance Program, ClimateWorks and INSPIRE Co-chair)

Chaired by

Claire Healy (Director, E3G)