NGFS calls for action by central banks, supervisors and all relevant stakeholders for greening the financial system
(WorldNews Netherlands)

Frank Elderson, chairman of the NGFS: `The financial risks we face through climate change are analytically difficult, unprecedented and yet very urgent. By issuing these recommendations, the NGFS members demonstrate collective leadership which will result in action to foster a greener financial system across countries and continents. As long as the temperatures and sea levels continue to rise and with them the climate-related financial risks, central banks, supervisors and financial institutions will continue to raise the bar to address these risks and to green the financial system.` There is still a significant amount of analytical work to be done in order to equip central banks and...