Transcription of NGFS Occasional Paper
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NGFS Occasional Paper
NGFS Occasional Paper Biodiversity and financial stability: building the case for action Study Group interim report October 2021 About the NGFS About INSPIRE About the Joint NGFS-INSPIRE Study Group on Biodiversity and Financial Stability The Network for Greening the Financial System (NGFS), launched at the Paris One Planet Summit on 12 December 2017, is a group of central banks and financial supervisors, which on a voluntary basis are willing to share best practices and contribute to the development of environment and climate risk management in the financial sector, and to mobilise mainstream finance to support the transition towards a sustainable economy.
awareness about climate-related risks among central banks and supervisors and in the financial community at large. Indeed, after acknowledging that climate change is a challenge with several economic dimensions and, in consequence, is a source of financial risks and a driver of economic developments (with impacts on growth and prices), central
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