How does climate change affect the achievement of the Bank of England’s statutory objectives?

Join Lord Nicholas Stern, Chair of the Grantham Research Institute, and James Talbot, Executive Director of the International Directorate and Executive Sponsor for Climate at the Bank of England, for a discussion on climate and economic policy.

James Talbot will outline how the Bank of England incorporates the impacts of climate change into its statutory objectives, drawing on recent work across its supervisory, financial stability and monetary policy functions. The conversation with Lord Stern will examine the broader economic implications of climate change and the role of central banks in supporting a sustainable future.

Meet our speakers and chair

Chair

Lord Nicholas Stern is the IG Patel Professor of Economics and Government at LSE, Chair of the Grantham Research Institute on Climate Change and the Environment and Head of the India Observatory. He has held academic positions at Oxford, Warwick, MIT, the Ecole Polytechnique, the Collège de France, the Indian Statistical Institute and Renmin University. His public roles include serving as Chief Economist of the EBRD and the World Bank, Second Permanent Secretary to HM Treasury, Director of Policy and Research for the Prime Minister’s Commission for Africa, Head of the Stern Review on the Economics of Climate Change and Head of the Government Economic Service. A former President of the British Academy and a Fellow of the Royal Society, he was knighted in 2004, appointed a life peer in 2007, and made a Companion of Honour in 2017. He has published more than 15 books and over 100 articles.

Speaker

James Talbot is the Bank of England’s Executive Director for the International Directorate and the Bank’s Executive Sponsor for Climate. He leads the Bank’s international analysis and risk assessment, setting its global strategy and overseeing policy engagement in the G20, G7, BIS, FSB and IMF. He also chairs the NGFS workstream on Monetary Policy. His previous roles at the Bank include heading Monetary Assessment and Strategy, senior advisory positions in macroprudential policy, and leading the preparation of the MPC’s quarterly forecast. From 2008 to 2010, he represented the UK on the Executive Board of the International Monetary Fund.

How to attend

To attend this in person event, please register in advance here.