The potential macroeconomic and financial stability implications of climate change and the transition to a net-zero economy are an important element of our Agenda for Research.
As part of our work on climate change, we research key topics, participate in conferences and host workshops. To date, this has included:
We published a series of Bank Underground posts:
We published Staff Working Paper Understanding climate-related disclosures of UK financial institutions.
We also published The greening of lending: mortgage pricing of energy transition risk which explores the impact of energy efficiency on mortgage pricing in the UK.
November 2020: Bank Underground article on the Covid-19 crisis, climate change and green recovery.
March 2020: Staff Working Paper on the relationship between bank lending and severe weather events.
October 2018: Bank Underground article on the potential macroeconomic implications of a transition to a low-carbon economy.
October 2018: Bank Underground article on the relationship between mortgage arrears and property energy ratings.
January 2018: Staff Working Paper on climate change and the macro-economy.
November 2016: A joint conference with the Council on Economic Policies on 'Central banking, climate change and environmental sustainability’.
July 2016: A joint workshop with the Met Office on climate risk and financial stability.
May 2016: Staff Working Paper on the impact of climate change on central banks.