IMF seeks to improve ‘climate stress tests’
Effort hampered by lack of good data and failure to develop “green taxonomy” – IMF officials
The International Monetary Fund will expand its new pilot climate change stress tests to more countries, it announced in a research paper published on February 5.
“Work is ongoing to examine, on a pilot basis, financial stability risks associated with the transition to a low-carbon economy,” said the paper’s authors, Tobias Adrian, James Morsink and Liliana Schumacher.
Adrian is financial counsellor and director at the IMF’s monetary and capital markets department, where Morsink is a deputy
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