Organizer(s): BIS Bank of France Deutsche Bundesbank Germany
Description: The workshop on "Addressing climate change data needs: the global debate and central banks’ contribution" will be hosted by the Central Bank of the Republic of Türkiye, with the support of the Irving Fisher Committee on Central Bank Statistics (IFC), the Bank of France and Deutsche Bundesbank. The event is scheduled to take place in İzmir, Türkiye, from Monday 6 May to Tuesday 7 May 2024. For those unable to attend in person, we also offer the option of virtual participation. We aspire to convene experts from the public and private sector, as well as academia, to facilitate an insightful discussion on the challenges and prospective solutions that can enhance climate resilience strategies, especially through bridging data gaps. The imperative to improve climate risk data (and data on all ESG policies more generally) is now a universally acknowledged priority. While the workshop will be centred on initiatives by central banks to improve their policy-making and climate risk data frameworks, we intend to illuminate a broader spectrum of data-related challenges and potential remedies, considering the perspectives and inputs of all stakeholders involved. Specifically, we explore how ongoing and future initiatives, both at the national and international levels, can contribute towards identifying and closing data gaps for key policy areas. These include, but are not limited to, measuring the climate impact of economic activities, the volume of climate finance and government expenditure to mitigate climate change as well as developing forward-looking physical and transition risk indicators. The workshop is meant to contribute to the global debate on the subject matter and will particularly emphasise forward-looking physical and transition risk indicators.
