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IV Central Bank Conference on Environmental Risks

December 14 - 15, 2023
CEMLA Mexico City, Mexico
Hybrid format

 

The conference was organized by Climate Financial Risk Center and CEMLA and was in hybrid format in the city of Mexico City, Mexico on December 14-15, 2023. The total attendees were 135 representatives from 19 institutions and associates of CEMLA, representing 18 Latin-American and Caribbean countries and 5 European countries.

The conference provided an overview of the policy tools available to central banks and financial supervisors for governing sustainable finance. Sharing and learning from best international practices are essential steps that contribute to the regional sustainable finance agenda. This conference brought  together senior representatives from central banks and financial regulators and supervisors.

The sessions covered support of the scaling up of sustainable finance, strategics approach to align the financial system with sustainability targets; how to integrate the macroeconomic and financial stability impacts of climate change and; the use climate scenario analysis, stress tests, and Dynamic Stochastic General Equilibrium (DSGE) models to shape prudential policy and supervisory tools. The conference include a session of the role of central banks and financial regulators and supervisors in the implementation of the sustainable finance taxonomies held by Helena Vines Fiestas, Chair of the EU and a panel discussion of Financial stability risk implications of climate change held by Thorsten Beck, Florence School of Banking & Finance, EUI and  Katarzyna Budnik, Adviser, European Central Bank.