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Article name & author

A call for action: Climate change as a source of financial risk

Author: Network for Greening the Financial System

Industry Group: Financial

Guidance / Tool - 2019

The Network for Greening the Financial System (NGFS), as a coalition of the willing and a voluntary, consensus-based forum provides six recommendations for central banks, supervisors, policymakers and financial institutions to enhance their role in the greening of the financial system and the managing of environment and climate-related risks. The recommendations are not binding and reflect the best practices identified by NGFS members to facilitate the role of the financial sector in achieving the objectives of the Paris Agreement.

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Keywords: Capital and financing, Financial impacts, Markets
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