Central Bankers Differ Over How to Handle Climate Change

The transcript discusses the impact of climate change on the economy and the importance of international cooperation. It emphasizes that while central banks have a specific mandate, they must consider climate change to avoid financial instability. The text outlines guiding principles for using available instruments and stresses that filling gaps in public policy is not the role of central banks, but rather the responsibility of governments.

What risks might arise if climate change is not taken into account in financial policies?

What is the role of governments in public policy regarding climate change, according to the text?