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Climate economics - from the veil of uncertainty to three convictions for action

· François Villeroy de Galhau, Governor of the Banque de France (France)

Summary written by Dark Majestic in its own words · topics: banking regulation and supervision, climate, energy and nature

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· François Villeroy de Galhau Wiki · Banque de France WikiClimate economics - from the veil of uncertainty to three convictions for action

ContextSpeech (virtual) by François Villeroy de Galhau, Governor of the Bank of France, at the Central Banks and Supervisors Network for Greening the Financial System (NGFS) Annual Plenary meeting and Plenary Workshop, London, 25 June 2024.

Why it mattersThe French governor warns against climate disengagement and backs NGFS guidance.

Problems raised
  1. Climate may slip down the agenda.
  2. Disengagement risks grow.
  3. Volatility will increase.
Solutions proposed
  1. Keep acting on climate through the NGFS.
  2. Publish guidance for supervisors.
  3. Commit strongly to stability.
Read full speech on bis.org ↗

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