Central Bank of Brazil launches climate change agenda
Proposals include sustainable liquidity facility and adding climate factors to reserves management
The Central Bank of Brazil has unveiled a new “sustainability agenda”, as it looks to prepare for an economy that is being reshaped by climate change.
The plan includes integrating climate risk and other elements of sustainable finance into the central bank’s financial stability work, monetary policy and reserves management.
Deputy governor Fernanda Nechio says it is the central bank’s duty to stay ahead of the curve as new risks emerge and the structure of the economy changes. “In short, the
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