„Towards a financial system that serves climate objectives?“
Climate-related risks are a source of financial risk

High time for central banks and other financial policymakers to organize themselves around this issue: The Network for Greening the Financial System (NGFS) aims to gear the financial system towards serving the environment, rather than harming it. Numerous other initiatives have sprung up, evidencing the growing consciousness among regulators that a changing climate and shifting policies hold considerable risks, not solely for carbon intensive industries. Likewise, the financial industry is increasingly blah blah. However, most societies are still far from being on a sustainable path.

But how could financial policy-makers ensure a timely low-carbon transition while preserving economic prosperity?  How will the responsibilities, costs and benefits be distributed? Will the private financial system align to societal objectives?

We invite you to discuss these questions with our distinguished panel

When: Tuesday, October 22nd, 18:00-20:00

Where: Clubraum, Library Center [LC 2.400], Wirtschaftsuniversität, Welthandelsplatz 1.

• Josh Ryan-Collins, Head of Research, Institute for Innovation and Public Purpose, UCL

• Wolfgang Pointner, Advisor, Austrian National Bank (OeNB)

• Irene Monasterolo, Assistant Professor, Institute for Ecological Economics, WU

• Michaela Seelig, Director of Sustainable Finance and Regional Economic Policy, Federal Austrian Ministry for Sustainability and Tourism

Emanuele Campiglio, Assistant Professor at the WU Institute for Ecological Economics will chair the event. Our panel will react to a statement by our guest Josh Ryan-Collins before we open up the floor to audience questions.

Please register for this event, using this link.