Background
Central banks and supervisors are experiencing growing pressures to play a more active role in countries' efforts to tackle climate change and due to the COP26 conference this year, the race to net-zero is also speeding up. The EU's climate ambitions also mean that the financial system needs to change the way it looks at environmental impact. This special session, co-hosted with the British Embassy in Prague.

At the same time, central banks face other difficult challenges: low inflation, changes in demographics, and digitalisation. What should central banks prioritise? Are their mandates outdated? What are the best practices or innovation in this space?

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SPEAKERS

Dr Ulrich Volz - Reader in Economics at SOAS University of London, and Founding Director of the SOAS Centre for Sustainable Finance.
Marek Mora - Deputy Governor and a member of the Bank Board of the Czech National Bank (CNB).
David Papp - Lead Expert at the Central Bank of Hungary

Questions the event will seek to explore:
- Why should central banks & supervisors care about climate change?
- What role should central banks play in shifting the financial system towards improved sustainability?
- What are the most effective central bank tools to tackle risks created by climate change?
- What new developments are there in the central banking landscape?