Banks, regulators call for global climate risk standards

Carney and Winters warn private sector cannot move much further without lawmakers

Climate agreement

Some of the largest banks and major regulators are pushing policymakers to agree common standards on climate risk, to help the financial sector make the switch to financing a lower-carbon economy.

Ahead of the G20 summit next month and the 26th UN Climate Change Conference (COP 26) – to be held in Glasgow in November 2021 – there are warnings that, without uniform international standards, global systemically important banks will be more reluctant to use their balance sheets to help meet the

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