Context: Ignoring climate risks will complicate macroeconomic management, just as overlooking financial risks eventually led to the global financial crisis.
Rising climate risks
Contemporary Climate Risk Management by the Central Banks
Issues with the current climate risk management by the Central Banks:
While the banks include risk management in transactions (loan recovery), monetary policies ignore the risks.
Checking the climate risks: There are five, not wholly independent, dimensions to take into account:
Conclusion: