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Leading central bank in climate-related financial risks by end of 2025?
2
Resolution / Starting Odds
European Central Bank • 25%
Bank of England • 25%
Bank of Japan • 25%
Other • 25%
Reports and analyses from financial and environmental organizations
Story
Federal Reserve Withdraws from NGFS Climate Coalition, Five Governors Vote in Favor, Barr and Kugler Dissent
Jan 17, 2025, 06:34 PM
The Federal Reserve has announced its withdrawal from the Network of Central Banks and Supervisors for Greening the Financial System (NGFS), a global coalition focused on climate and transition risks for the financial sector. The decision was made with five governors voting in favor of leaving, while Michael Barr and Adriana Kugler dissented. The Fed cited that the NGFS's broadened scope now falls outside its statutory mandate. The NGFS, launched in 2017, has been a platform for central banks to study climate risk.
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No • 50%
Yes • 50%
Increased focus • 25%
Unclear • 25%
Remain the same • 25%
Decreased focus • 25%
No Change • 25%
Other • 25%
Less Aggressive • 25%
More Aggressive • 25%
Sustainable Banking Network • 25%
None • 25%
BIS Green Finance Forum • 25%
UNEP Finance Initiative • 25%
Yes • 50%
No • 50%
No new climate-related policies • 25%
Introduce new climate risk regulations • 25%
Rejoin NGFS • 25%
Other climate-related initiative • 25%
No significant policy shift • 25%
Rejoin NGFS • 25%
Launch new coalition • 25%
Enhance internal climate risk measures • 25%
Bank of England • 25%
Other • 25%
Bank of Japan • 25%
European Central Bank • 25%