Central banks and financial supervisors are at the core of mitigating risks to the financial system. To that end, how to respond to the risks from climate change and the transition to a low-carbon economy is rapidly moving up their agendas around the globe. The Central Banks and Supervisors Network for Greening the Financial System (NGFS) now comprises more than 120 authorities from around the world. Several of them have already started accounting for climate risks in monetary policy and financial supervision. Many more are exploring next steps.

To take stock of where central banks and financial supervisors stand in addressing the risks from climate change, and discuss policy design and responses, the Institute for International Economic Policy (IIEP) at GWU, in partnership with the Council on Economic Policies (CEP), will be hosting a morning event on “Governing Finance and Climate Change”, together with, among others. We would be delighted to have you join us.

AGENDA:

Registration & Coffee (8:30am-9:00am)

Welcome (9:00am):

Sunil Sharma. Distinguished Visiting Scholar, Elliott School of International Affairs, GWU; Senior Associate, Council on Economic Policies; and former Assistant Director, IMF.

Panel One: Monetary Policy and Climate Change (9:15am-10:30am):

James Talbot. Director, International Directorate, Bank of England; Chair of the Workstream on Monetary Policy, Central Banks and Supervisors Network for Greening the Financial System (NGFS).

Sarah Bloom Raskin. Distinguished Professor of the Practice of Law, Duke University; Partner, Kaya Advisory Ltd.; former Deputy Secretary, US Department of the Treasury; and former member of the Federal Reserve Board of Governors.

Sarah Dougherty. Director, Green Finance Center, Natural Resources Defense Council.

Panel Two: Financial Supervision and Cimate Change (11:00am-12:15pm)

Mark Levonian. Former Senior Deputy Comptroller of the Currency; and former Federal Reserve official.

Timothy Lane. Former Deputy Governor, Bank of Canada; and former Senior Advisor, IMF

Closing Remarks (12:15pm-12:30pm):

William White. Senior Fellow, C.D. Howe Institute, Advisor, Council on Economic Policies; former Chairman of the Economic and Development Review Committee, OECD; former Economic Adviser and Head of the Monetary and Economic Department, Bank for International Settlements; and former Deputy Governor, Bank of Canada

Light Lunch (12:30pm-1:30pm)