INSPIRE – the International Network for Sustainable Financial Policy Insights, Research and Exchange – has been created to enhance research efforts that can inform the work of the Central Banks and Supervisors Network for Greening the Financial System (NGFS), its workstreams and its members.

This report provides an overview of these research efforts and of the 21 projects that INSPIRE has commissioned up to spring 2020. The first preliminary results presented in this report point towards important policy implications, as well to the need for further research and exchange between researchers and central banks and supervisors.

“I welcome this report and the wider efforts of INSPIRE in informing and inspiring central banks and supervisors by advancing the understanding of the appropriate tools, methodologies, and empirical and theoretical evidence necessary to identify, quantify and mitigate climate- and other environment-related risks. … Across the NGFS workstreams on micro-prudential risk, macro-financial stability, the scaling up of green finance and the work that we are starting on data, there are a range of research questions in front of us. The support of INSPIRE and the wider research community in tackling those questions is indispensable.”

From the Foreword by Frank Elderson, Chair of the NGFS and Executive Board Member of the Dutch Central Bank

INSPIRE is co-hosted by ClimateWorks and the Grantham Research Institute on Climate Change and the Environment at the London School of Economics and Political Science (LSE).

For more about INSPIRE, visit  


Report prepared by Simon Dikau, Natasha Kunesch and Nick Robins.

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