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Green finance in the Asia-Pacific region: mobilisation spearheaded by central banks and supervisory authorities
[Finance verte en Asie-Pacifique : la mobilisation portée par les banques centrales et autorités de supervision]

Author

Listed:
  • Marie-Elisabeth De la Serve
  • David Revelin
  • Karim Triki

Abstract

Central banks and supervisory authorities play a key role in the Asia-Pacific region in terms of green finance. They are often driving forces in their countries, both in terms of raising awareness of the effect of environmental risks on the financial system and in developing climate transition financing. And the repercussions are global, with Asia-Pacific being both the largest emitter of greenhouse gases and the region likely to be most significantly impacted by climate change. Central banks and supervisory authorities are stepping up their participation in international and regional forums, in particular the Network of Central Banks and Supervisors for Greening the Financial System (NGFS), for which the Banque de France provides the international secretariat. Les banques centrales et autorités de supervision jouent un rôle essentiel en Asie-Pacifique en matière de finance verte. Elles sont souvent pilotes dans leur pays, tant pour la prise de conscience de l’impact des risques environnementaux sur le système financier que pour le développement du financement de la transition climatique. Et les répercussions sont globales, l’Asie-Pacifique étant à la fois la principale région émettrice de gaz à effet de serre et celle qui est susceptible de connaître les impacts les plus significatifs du changement climatique. Les banques centrales et autorités de supervision renforcent d’ailleurs leur participation au sein des forums internationaux et régionaux, et notamment le réseau des banques centrales et des superviseurs pour le verdissement du système financier (Central Banks and Supervisors Network for Greening the Financial System – NGFS), dont la Banque de France assure le secrétariat mondial.

Suggested Citation

  • Marie-Elisabeth De la Serve & David Revelin & Karim Triki, 2021. "Green finance in the Asia-Pacific region: mobilisation spearheaded by central banks and supervisory authorities [Finance verte en Asie-Pacifique : la mobilisation portée par les banques centrales e," Bulletin de la Banque de France, Banque de France, issue 237.
  • Handle: RePEc:bfr:bullbf:2021:237:04
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    References listed on IDEAS

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    1. Aziz Durrani & Masyitah Rosmin & Ulrich Volz, 2020. "The role of central banks in scaling up sustainable finance – what do monetary authorities in the Asia-Pacific region think?," Journal of Sustainable Finance & Investment, Taylor & Francis Journals, vol. 10(2), pages 92-112, April.
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