Climate change and biodiversity loss: to manage the financial risk, central banks and financial regulators need to treat them as interconnected
The world’s financial authorities — central banks, financial regulators and supervisors — now recognize both climate change and declining biodiversity — the loss of animal and plant species, as well as the degradation of ecosystem diversity and genetic biodiversity within species — as a significant source of systemic financial risks, and they’re developing policies to mitigate their effects. But to make real progress, they need to see the connection between the two problems, and take a more proactive approach.








