Climate Change and Sovereign Risk Webinar

Event | 18 - 19 November 2020
Online

Time of event

14:30–16:00 London time
23:30–01:00 Tokyo time

Summary

Taking place during London Climate Action Week, this webinar highlighted the key findings of a new policy report by SOAS University of London, Asian Development Bank Institute, World Wildlife Fund for Nature (WWF), and Four Twenty Seven on the impacts of climate-related physical and transition risks on sovereign credit risk and debt sustainability, as well as the public policy and financial governance implications.

The discussion focused on the channels through which climate-related risks can affect sovereign risk and the importance of their respective impacts. It also examined the implications for the management of public finances, the challenges facing financial supervisors and central banks, and how international financial institutions can support countries in mitigating related risks and fostering resilience

Objectives
  • Present the main findings of the new policy report “Climate Change and Sovereign Risk”
  • Describe the channels through which climate change risk vulnerability affects sovereign borrowing costs
  • Provide concrete recommendations for policy makers on mitigating and managing climate-related sovereign risk
Participants
  • Central bankers, financial supervisors, and other policy makers, as well as experts from think tanks, universities, and other institutions
Output
  • Distribution of the link to download the policy report “Climate Change and Sovereign Risk”
  • Enhanced understanding of the impact of climate change on sovereign risk
  • Greater impetus for policy action at the national and global levels
Partner
  • SOAS University of London
  • World Wildlife Fund for Nature (WWF)
  • Four Twenty Seven