The Macrofinancial effects of climate change in Ireland: What have we learned? – Speech by Deputy Governor Vasileios Madouros
Why this matters
This speech discusses the macrofinancial effects of climate change in Ireland, including the progress and challenges in reducing greenhouse gas emissions, the relative costs of action versus inaction, the exposure to rising physical risks, and the management of climate-related risks by the financial sector. This information is relevant for banks, asset managers, and insurers in understanding and addressing climate-related risks and opportunities.
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What the CBI said
Good morning everyone. 1 I am delighted to join you here today for this year’s Climate Finance week. “The scientific evidence that climate change is a serious and urgent issue is […] compelling.” “The benefits of strong, early action on climate change outweigh the costs.” And “the choices made in the next 10-20 years…
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Context
Central Bank of Ireland (CBI) — Ireland's central bank and financial services regulator. We track 287 updates from them.
Ireland's Central Bank regulates funds and banking sectors. Browse all Ireland updates.
This update is classified under ESG / Sustainability, Prudential / Capital Requirements, Reporting & Disclosure and Banking & Credit.