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

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 Hussen, Minister of International Development, Government of CanadaPanelists:The Honourable John Rwangombwa, Governor, National Bank of RwandaSabine Mauderer, Vice-Chair, Network for Greening the Financial System; Board Member, Deutsche BundesbankJean-Paul Servais, Chair, IOSCO Board; Chair, Belgium's Financial Services and Markets AuthorityStefan Ingves, Chair, Toronto Centre; Former Governor, Sveriges Riksbank (Central Bank of Sweden)Moderator:Jean Pesme, Global Director, Finance, Competitiveness & Innovation, World BankRead the transcript here (https://torcentre.sharepoint.com/:b:/s/Files/EahzaxE8DQFPt3QsUtkZHqEBFf1WnWGraQkbm3KKIbuv-A?e=pclJEs). Read their biographies here (https://torcentre.sharepoint.com/:b:/s/Files/EeOXQhauk2BHpvqrDpeR8IUBhdbBkjVhMjLh13YzjdGzbw?e=r9jkps).