This volume is a compilation of the special guest speeches and two high-level panels featured in the virtual conference "Green Swan 2021: coordinating finance on climate" held on 2–4 June 2021 and co-organised by the BIS, the Bank of France, the International Monetary Fund and the Network of Central Banks and Supervisors for Greening the Financial System. The views expressed are those of the speakers and do not necessarily reflect the views of the BIS, the co-organisers or the institutions represented at the conference.
Luiz Pereira da Silva speaks about “green swan” risks
Climate change poses new challenges to central banks, regulators and supervisors. Luiz Pereira da Silva reviews ways of addressing these new risks within central banks' financial stability mandate, based on a new research paper, The green swan. "Green swan" risks are potentially extremely financially disruptive events that could be behind the next systemic financial crisis.
Is green the new black?
From black swans to green swans, Luiz Pereira da Silva talks about climate risks and what sustainable finance can realistically do for the transition to net zero, also in the light of the recent increase in energy prices.