BdF to achieve 1.5°C climate goals by 2026, governor says
De Galhau calls for mandatory climate disclosure, green capital requirements and collective ecological governance
Banque de France governor François Villeroy de Galhau called for a major shift in climate-related rules for the financial sector in a speech on October 27, as he committed his own institution to hit 1.5 °C Paris Agreement targets by the end of 2015.
De Galhau proposed three changes to the current approach being undertaken by central banks and supervisors. First, a shift from voluntary to mandatory climate disclosure. Second, a shift from climate-related stress tests to green prudential capital
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