{"id":59672,"date":"2022-04-27T09:47:56","date_gmt":"2022-04-27T08:47:56","guid":{"rendered":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?post_type=publication&p=59672"},"modified":"2024-09-19T11:51:45","modified_gmt":"2024-09-19T10:51:45","slug":"developing-a-precautionary-approach-to-financial-policy-from-climate-to-biodiversity","status":"publish","type":"publication","link":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/developing-a-precautionary-approach-to-financial-policy-from-climate-to-biodiversity\/","title":{"rendered":"Developing a precautionary approach to financial policy \u2013 from climate to biodiversity"},"content":{"rendered":"\n

INSPIRE Central Banking Toolbox – Policy Briefing no. 2 <\/p>\n\n\n\n

Climate change and biodiversity loss have primarily been approached by financial authorities from the perspective of financial risk. However, environment-related financial risks have particular features that make them less amenable than other types of risk to standard financial risk management approaches. <\/p>\n\n\n\n

This paper, the second in the INSPIRE<\/path><\/svg><\/a> Sustainable Central Banking Toolbox series, proposes an alternative, precautionary approach to financial policy that justifies bolder action in response to environmental-related financial risks. <\/p>\n\n\n\n

It considers financial authorities’ tentative steps and possible tools in such a precautionary policy direction – and how these could be scaled up and mainstreamed. <\/p>\n\n\n\n

Main messages <\/h2>\n\n\n\n