Green Swan 2021: Coordinating finance on climate

2–4 June 2021 | virtual
Green Swan 2021 banner

About the conference

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.

The Bank for International Settlements, Bank of France, International Monetary Fund and Network for Greening the Financial System joined forces to co-sponsor a truly unique global virtual conference on "How in practice can the financial sector take immediate action against climate change-related risks?".

An unprecedented line-up of speakers and panellists, including high-level policymakers, experts and practitioners from central banking, the regulatory community, the financial sector, civil society and academia. 

In the current age, we are all well aware of the main risks and challenges posed by climate change. The 2020 book The green swan: central banking and financial stability in the age of climate change called for strengthening coordination to address these risks, and for immediate action. Many initiatives by central banks and other actors are already under way – with more under development.

This conference showcased these initiatives and helped to identify more potential practical solutions. Its results can serve as a global public good for other events ahead of COP26, and beyond.

The conference gathered the four heads of the co-sponsoring organisations, three Nobel Laureates, 15+ current and former central bank Governors and top executives, 25+ senior policymakers and official sector experts, 20+ prominent academics and 25+ senior executives and CEOs from the private sector. They discussed the most feasible and concrete proposals for a more sustainable economy, financial sector and society.

Watch the video recordings here - Day 1

01:00:00
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Introduction and opening panel
Video 2 Jun 2021
Introduction and opening panel
The heads of the organising institutions discuss how in practice the financial sector can take immediate action against climate…
By
Agustín Carstens
,
Frank Elderson
,
Luiz Awazu Pereira da Silva
,
François Villeroy de Galhau
and
Kristalina Georgieva
00:30:00
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Special guest speech by Mark Carney
Video 2 Jun 2021
Special guest speech by Mark Carney
Mainstreaming climate risk management: what next?
By
Mark Carney
01:15:00
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Panel A - Green Swan Conference 2021
Video 2 Jun 2021
Panel A - Green Swan Conference 2021
Biodiversity: what does its loss imply for our society? How can we better assess and integrate potential risks?
By
Dirk Schoenmaker
,
Geoffrey Heal
,
Richard Mattison
,
Elizabeth Mrema
,
Jim O'Neill
and
Torsten Thiele
01:15:00
greenswan_panelb.jpg
Panel B - Green Swan Conference 2021
Video 2 Jun 2021
Panel B - Green Swan Conference 2021
How do executives internally lead and manage the paradigm shift about climate change in their institutions?
By
Axel A Weber
,
Roberto de Oliveira Campos Neto
,
Valérie Baudson
and
Isabelle Kocher
01:15:00
greenswan_panelc.jpg
Panel C - Green Swan Conference 2021
Video 2 Jun 2021
Panel C - Green Swan Conference 2021
Do we take sufficient account of the redistributive impacts of climate change?
By
François Bourguignon
,
Mari Pangestu
,
Ann Pettifor
,
Fiona Reynolds
and
David Wood
00:30:00
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Special guest speech by Robert Engle
Video 2 Jun 2021
Special guest speech by Robert Engle
Robert Engle speaks at the Green Swan Conference 2021.
By
Robert Engle
01:15:00
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Panel D - Green Swan Conference 2021
Video 2 Jun 2021
Panel D - Green Swan Conference 2021
What is the role of governments and IFIs in mitigating risks and coordinating the policy response to climate change?
By
José Antonio Ocampo
,
Maurice Obstfeld
,
Adam S Posen
,
Ceyla Pazarbasioglu
and
Marc Sadler
01:15:00
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Panel E - Green Swan Conference 2021
Video 2 Jun 2021
Panel E - Green Swan Conference 2021
Climate change-related risks data and accounting: how are existing methods being implemented? What are the alternatives to the…
By
Klaas Knot
,
Lucrezia Reichlin
,
Magnus Billing
and
Emilie Mazzacurati
01:15:00
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Panel F - Green Swan Conference 2021
Video 2 Jun 2021
Panel F - Green Swan Conference 2021
What is the true resilience of our financial systems to climate change risks with the buffers we currently have?
By
Alejandro Díaz de León
,
Sarah Breeden
,
Glenn D Rudebusch
,
Ulrich Volz
,
Nathalie Aufauvre
and
Rostin Behnam
00:15:00
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Special guest speech by Jens Weidmann
Video 2 Jun 2021
Special guest speech by Jens Weidmann
Jens Weidmann speaks about "Climate risks, financial markets and central banks' risk management" at the Green Swan Conference…
By
Jens Weidmann
00:30:00
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Special guest speech by Tao Zhang
Video 2 Jun 2021
Special guest speech by Tao Zhang
Tao Zhang speaks about "Climate change: our most global challenge" at the Green Swan Conference 2021.
By
Tao Zhang

Watch the video recordings here - Day 2

00:45:00
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Introduction by Sylvie Goulard and special guest speech by Mario Monti
Video 3 Jun 2021
Introduction by Sylvie Goulard and special guest speech by Mario Monti
Sylvie Goulard introduces the second day of the Green Swan Conference 2021 and Mario Monti delivers a special guest speech.
By
Sylvie Goulard
and
Mario Monti
01:15:00
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Panel G - Green Swan Conference 2021
Video 3 Jun 2021
Panel G - Green Swan Conference 2021
How should financial stability, regulation and supervision be considered in the context of increasing climate-related risks?
By
Tobias Adrian
,
Armínio Fraga
,
Hélène Rey
,
Michel Aglietta
,
Yannis Dafermos
and
Timo Löyttyniemi
01:15:00
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Panel H - Green Swan Conference 2021
Video 3 Jun 2021
Panel H - Green Swan Conference 2021
Measuring climate-related risks in macroeconomic and global terms: do we have the right mind set, tools and models?
By
Nick Robins
,
Robert Litterman
,
Thierry Philipponnat
,
Jean Pisani-Ferry
,
Laurence Tubiana
and
Carmen M Reinhart
01:15:00
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Panel I - Green Swan Conference 2021
Video 3 Jun 2021
Panel I - Green Swan Conference 2021
Do we have the right financial and insurance instruments to deal with the impact of climate change?
By
Andreas Dombret
,
Bertrand Badré
,
Jeffrey Bohn
and
Rafael Del Villar Alrich
00:25:21
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Special guest speech by Joseph Stiglitz
Video 3 Jun 2021
Special guest speech by Joseph Stiglitz
Joseph Stiglitz speaks at the Green Swan Conference 2021.
By
Joseph E Stiglitz
00:30:00
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Special guest speech by Frank Elderson
Video 3 Jun 2021
Special guest speech by Frank Elderson
Frank Elderson speaks at the Green Swan Conference 2021.
By
Frank Elderson
01:15:00
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Panel J - Green Swan Conference 2021
Video 3 Jun 2021
Panel J - Green Swan Conference 2021
What are the methods and metrics currently being used to assess climate-related risks in investment decisions?
By
Remy Briand
,
Herman Bril
and
Olivier Rousseau
01:15:00
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Panel K - Green Swan Conference 2021
Video 3 Jun 2021
Panel K - Green Swan Conference 2021
What are the challenges to having "greener cities" – and how to finance them?
By
Torsten Ehlers
,
Barbara Buchner
,
Thierry Déau
,
Josué Tanaka
and
Shalini Vajjhala
01:15:00
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Panel L - Green Swan Conference 2021
Video 3 Jun 2021
Panel L - Green Swan Conference 2021
How is Green R&D doing? How critical is alternative energy financing?
By
Tim Adams
,
Charlie Donovan
,
Suren Erkman
,
Thierry Fornas
and
Ian Goldin
00:30:00
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Special guest speech by Sarah Bloom Raskin
Video 3 Jun 2021
Special guest speech by Sarah Bloom Raskin
Sarah Bloom  Raskin speaks about "Climate change and the precautionary imperative".
By
Sarah Bloom Raskin
00:30:00
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Special guest speech by Andrew Bailey
Video 3 Jun 2021
Special guest speech by Andrew Bailey
Andrew Bailey speaks about "Tackling climate change for real: progress and next steps".
By
Andrew Bailey

Watch the video recordings here - Day 3

00:30:00
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Introduction and special guest speech by Laurent Fabius
Video 4 Jun 2021
Introduction and special guest speech by Laurent Fabius
Laurent Fabius speaks about "This is not time for business as usual".
By
Laurent Fabius
01:15:00
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Panel M - Green Swan Conference 2021
Video 4 Jun 2021
Panel M - Green Swan Conference 2021
What are the policies currently considered by central banks, regulators and supervisors – and their challenges – to…
By
Thomas Jordan
,
Pablo Hernández de Cos
,
Sabine Mauderer
and
Simone Robbers
01:15:00
greenswan_paneln.jpg
Panel N - Green Swan Conference 2021
Video 4 Jun 2021
Panel N - Green Swan Conference 2021
How can innovations in market-based approaches using consumer carbon tracing influence consumers' lifestyle choices?
By
Chen Long
,
Massamba Thioye
and
Brune Poirson
01:15:00
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Panel O - Green Swan Conference 2021
Video 4 Jun 2021
Panel O - Green Swan Conference 2021
Can we provide concrete green investment opportunities for the current abundance of savings? How to structure implied…
By
Jean-François Coppenolle
,
Marcin Kacperczyk
,
Johanna Koeb
,
Niklas Ekvall
and
Isabelle Mateos y Lago
00:30:00
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Special guest speech by Zhou Xiaochuan
Video 4 Jun 2021
Special guest speech by Zhou Xiaochuan
Zhou Xiaochuan speaks at the Green Swan Conference 2021.
By
Zhou Xiaochuan
01:30:00
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Panel P - Green Swan Conference 2021
Video 4 Jun 2021
Panel P - Green Swan Conference 2021
How can central banks, supervisors and regulators help to mobilise and coordinate with other actors (Treasuries, private sector…
By
Eddie Yue
,
Ravi Menon
,
Nor Shamsiah Mohd Yunus
,
Lesetja Kganyago
and
Haruhiko Kuroda
01:30:00
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Panel Q - Green Swan Conference 2021
Video 4 Jun 2021
Panel Q - Green Swan Conference 2021
How are new investments adapting to integrate biodiversity loss risks? How are the impacts of these investment measured?
By
Claudia Kruse
,
Matthieu Maurin
,
Alexandre Rambaud
and
Olaf Sleijpen
01:15:00
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Panel R - Green Swan Conference 2021
Video 4 Jun 2021
Panel R - Green Swan Conference 2021
How can Development Banks address the massively increased financing needs for green projects? What kind of innovative solutions…
By
Erik Berglof
,
Ambroise Fayolle
,
Anshula Kant
,
Xavier Musca
,
Nandita Parshad
and
Rémy Rioux
00:30:00
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Special guest speech by Nicholas Stern
Video 4 Jun 2021
Special guest speech by Nicholas Stern
Nicolas Stern speaks about "Economic leadership for transformation in a critical decade: managing risks and fostering…
By
Nicholas Stern
01:45:00
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Concluding panel - Green Swan Conference 2021
Video 4 Jun 2021
Concluding panel - Green Swan Conference 2021
Central banks and climate change: how to manage expectations, balance actions and communication and contribute to coordinate…
By
Yi Gang
,
Agustín Carstens
,
Jerome H Powell
,
François Villeroy de Galhau
and
Christine Lagarde
00:51:12
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Main messages of the conference
Video 4 Jun 2021
Main messages of the conference
Luiz Pereira da Silva draws the main messages of the Green Swan Conference and Ignazio Visco talks about the conference…
By
Ignazio Visco
and
Luiz Awazu Pereira da Silva