Bank of Canada joins group of central banks tackling climate change
The network for greening the financial system aims to support Paris agreement’s goals
The Bank of Canada has joined the Network for Greening the Financial System, which aims to support the goals of the 2016 Paris agreement on climate change.
The NGFS, created in 2017, includes 35 central banks and national financial supervisors from Asia, Europe, Latin America, North America and Oceania. The group aims to identify and promote best practices to tackle climate risk through better management of investment patterns. For instance, it studies how central banks can help to protect the
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