Green Swan 2021: coordinating finance on climate

Joint virtual conference by the Bank for International Settlements, Bank of France, International Monetary Fund and Network for Greening the Financial System, 2-4 June 2021.

A volume featuring special guest speeches and high-level panels of the conference is available here.

4 June

4 Jun 2021 Green Swan 2021

Laurent Fabius speaks about "This is not time for business as usual".

4 Jun 2021 Green Swan 2021

What are the policies currently considered by central banks, regulators and supervisors – and their challenges – to address climate change?

4 Jun 2021 Green Swan 2021

How can innovations in market-based approaches using consumer carbon tracing influence consumers' lifestyle choices?

4 Jun 2021 Green Swan 2021

Can we provide concrete green investment opportunities for the current abundance of savings? How to structure implied Temperature / 1.5-degree Celsius Portfolios?

4 Jun 2021 Green Swan 2021

Zhou Xiaochuan speaks at the Green Swan Conference 2021.

4 Jun 2021 Green Swan 2021

How can central banks, supervisors and regulators help to mobilise and coordinate with other actors (Treasuries, private sector) in the fight against climate change?

4 Jun 2021 Green Swan 2021

How are new investments adapting to integrate biodiversity loss risks? How are the impacts of these investment measured?

4 Jun 2021 Green Swan 2021

How can Development Banks address the massively increased financing needs for green projects? What kind of innovative solutions can be developed?

4 Jun 2021 Green Swan 2021

Nicolas Stern speaks about "Economic leadership for transformation in a critical decade: managing risks and fostering investment".

4 Jun 2021 Green Swan 2021

Central banks and climate change: how to manage expectations, balance actions and communication and contribute to coordinate with other important actors?

4 Jun 2021 Green Swan 2021

Luiz Pereira da Silva draws the main messages of the Green Swan Conference and Ignazio Visco talks about the conference messages in light of the G20 Presidency programme.

3 June

3 Jun 2021 Green Swan 2021

Sylvie Goulard introduces the second day of the Green Swan Conference 2021 and Mario Monti delivers a special guest speech.

3 Jun 2021 Green Swan 2021

How should financial stability, regulation and supervision be considered in the context of increasing climate-related risks?

3 Jun 2021 Green Swan 2021

Measuring climate-related risks in macroeconomic and global terms: do we have the right mind set, tools and models?

3 Jun 2021 Green Swan 2021

Do we have the right financial and insurance instruments to deal with the impact of climate change?

3 Jun 2021 Green Swan 2021

Joseph Stiglitz speaks at the Green Swan Conference 2021.

3 Jun 2021 Green Swan 2021

Frank Elderson speaks at the Green Swan Conference 2021.

3 Jun 2021 Green Swan 2021

What are the methods and metrics currently being used to assess climate-related risks in investment decisions?

3 Jun 2021 Green Swan 2021

What are the challenges to having "greener cities" – and how to finance them?

3 Jun 2021 Green Swan 2021

How is Green R&D doing? How critical is alternative energy financing?

3 Jun 2021 Green Swan 2021

Sarah Bloom  Raskin speaks about "Climate change and the precautionary imperative".

3 Jun 2021 Green Swan 2021

Andrew Bailey speaks about "Tackling climate change for real: progress and next steps".

2 June

2 Jun 2021 Green Swan 2021

The heads of the organising institutions discuss how in practice the financial sector can take immediate action against climate change-related risks.

2 Jun 2021 Green Swan 2021

Mainstreaming climate risk management: what next?

2 Jun 2021 Green Swan 2021

Biodiversity: what does its loss imply for our society? How can we better assess and integrate potential risks?

2 Jun 2021 Green Swan 2021

How do executives internally lead and manage the paradigm shift about climate change in their institutions?

2 Jun 2021 Green Swan 2021

Do we take sufficient account of the redistributive impacts of climate change?

2 Jun 2021 Green Swan 2021

Robert Engle speaks at the Green Swan Conference 2021.

2 Jun 2021 Green Swan 2021

What is the role of governments and IFIs in mitigating risks and coordinating the policy response to climate change?

2 Jun 2021 Green Swan 2021

Climate change-related risks data and accounting: how are existing methods being implemented? What are the alternatives to the existing reporting methodologies?

2 Jun 2021 Green Swan 2021

What is the true resilience of our financial systems to climate change risks with the buffers we currently have?

2 Jun 2021 Green Swan 2021

Jens Weidmann speaks about "Climate risks, financial markets and central banks' risk management" at the Green Swan Conference 2021.

2 Jun 2021 Green Swan 2021

Tao Zhang speaks about "Climate change: our most global challenge" at the Green Swan Conference 2021.

Sessions marked with were livestreamed on this page.

View agenda in PDF

2 June

12:15PM - 1:15PM Introduction: Why this Conference? How in practice can the financial sector take immediate action against climate change-related risks?

Moderator: Minouche Shafik (LSE)

  • Kristalina Georgieva (IMF)
  • François Villeroy de Galhau (Banque de France)
  • Frank Elderson (ECB; NGFS)
  • Agustín Carstens (BIS)
1:15PM - 1:45PM

Mainstreaming climate risk management: what next?

Mark Carney (Finance Adviser to the UK Prime Minister for COP 26; UN Special Envoy on Climate Action and Finance)

1:45PM - 3:00PM

Parallel sessions

3:00PM - 3:15PM Break
3:15PM - 3:45PM Special guest speech by Robert Engle (Michael Armellino Professor of Finance, NYU Stern School of Business)
3:45PM - 4:15PM

Our climate crisis, the financial system and the sustainability revolution

Al Gore (Chairman, Generation Investment Management)

4:15PM - 5:30PM Parallel session: Panel discussions
5:30PM - 5:45PM Break
5:45PM - 6:00PM Climate risks, financial markets and central banks' risk management

Jens Weidmann (Chair of the BIS Board of Directors and President of the Deutsche Bundesbank)
6:00PM - 6:30PM Climate change: our most global challenge

Tao Zhang (Deputy Managing Director, IMF)

3 June

1:00PM - 1:15PM Introduction by Sylvie Goulard (Second Deputy Governor, Banque de France)
1:15PM - 1:45PM Special guest speech by Mario Monti (President of Bocconi University; former Prime Minister of Italy)
1:45PM - 3:00PM Parallel session: Panel discussions
3:00PM - 3:30PM Special guest speech by Joseph Stiglitz (Professor, Columbia University)
3:30PM - 3:45PM Break
3:45PM - 4:15PM Special guest speech by Frank Elderson (Member of the Executive Board and Vice-Chair of the Supervisory Board, ECB; Chair, NGFS)
4:15PM - 5:30PM Parallel session: Panel discussions
5:30PM - 6:00PM Climate change and the precautionary imperative

Sarah Bloom Raskin (former Deputy Secretary, United States Treasury; former Governor, Federal Reserve Board)
6:00PM - 6:30PM Tackling climate change for real: progress and next steps

Andrew Bailey (Governor, Bank of England)

4 June

8:30AM - 9:00AM Special guest speech by Laurent Fabius (former President of COP21 / Paris Agreement)
9:00AM - 10:15AM Parallel sessions: Panel discussions
10:15AM - 10:30AM Break
10:30AM - 11:00AM Special guest speech by Zhou Xiaochuan (President, China Society for Finance and Banking; Vice Chairman, Boao Forum for Asia; former Governor, People's Bank of China)
11:00AM - 12:15PM Parallel session: Panel discussions
12:15PM - 12:30PM Break
12:30PM - 1:00PM Economic leadership for transformation in a critical decade: managing risks and fostering investment

Nicholas Stern (IG Patel Professor of Economics and Government and Chair of the Grantham Research Institute on Climate Change and the Environment, London School of Economics)
1:00PM - 2:45PM Concluding panel

2:45PM - 3:00PM

Main messages of the conference by Luiz A Pereira da Silva (Deputy General Manager, BIS)
3:00PM - 3:30PM The conference messages in light of the G20 Presidency programme

Ignazio Visco (Governor, Bank of Italy; G20 Presidency)