NGFS-CFMCA Sustainable Finance and Macro Platform

Towards Joint Approaches to Physical Risk Assessment, Macroeconomic Policy Design and Sustainable Financing

Purpose: Launch the first event of the joint dialogue series between the CFMCA and the NGFS, focusing on advancing the analytical foundations and shared scenarios needed to assess physical climate risks.

Audience and Participants: Central Banks, Ministries of Finance, policy makers, academics, think tanks, and technical experts.
Meeting Objectives and Outline Agenda:

Initiate a shared conversation between finance ministries and central banks on sustainable financing frameworks, including supporting financing needs for resilience and transition; and how physical climate risks are being modelled and assessed across institutions, and what these modelling approaches imply for macroeconomic, fiscal, sustainable financing, and financial stability.

Explore lessons learned from central banks’ and supervisors’ early work on physical-risk and macro-financial analysis—particularly within the NGFS—and discuss how elements of these approaches might be relevant or adaptable for finance ministry priorities, including fiscal planning, public investment, and sustainable-finance strategies.

Exchange views on the constraints and challenges facing finance ministries and regulators in designing and implementing effective regulatory regimes that mobilize sustainable finance at scale, and share perspectives on how these can be overcome while promoting economic growth and stability.