Top Posts
Report: Nigeria, others may lose $300 billion, 49m...
Pope Leo hits out at climate change critics
Nigeria insurers prepare to global delegates on climate...
Energy Dept. asks employees not to use words...
Protesters seek $5tr payment from fossil fuel companies
Borno govt, NGOs demand funding on climate change...
Lagos rolls two-year flood plan to integrate lakes,...
UN official says climate change displaces up to...
UN ends high-level week with calls for peace,...
Ahead of COP30 conference, new national climate plans...
EcoNai Newsroom
  • Newsround
  • Nigeria
  • Africa
  • World
World

Taiwan Central Bank to incorporate climate change risks into forecasting

by Matthew Atungwu December 30, 2022
written by Matthew Atungwu December 30, 2022
611

Taiwan’s central bank has announced that it would start including climate change risks in its inflation and economic growth modelling and projections, as well as alter monetary policy to encourage sustainable development.

Taiwan announced last year that it hoped to reach net-zero emissions by 2050, and the government has vowed to spend T$900 billion ($29 billion) toward that goal by 2030.

In a statement on climate change, the central bank warned of the potential of “green swan” occurrences, which allude to an unanticipated environmental disaster caused by global warming and pollution that would cause a financial crisis.

Other central banks across the world have already factored global warming into their plans, and Taiwan will follow suit, according to the central bank.

Read also: IFAD approves N9.7m for 48 farmers affected by flood in Delta

The bank said it would “incorporate weather aspects into forecast models and examine their impact on forecasts such as prices and GDP growth”.

The bank would also “create an overall model relating to climate change at the industry level” to get a thorough grasp of the economic and financial implications of climate change concerns.

It added that it would use monetary policy tools to help promote sustainable financial development.

This story was adapted from Reuters.

Central bankClimate changeIncorporationRiskTaiwan
0 comment 0 FacebookTwitterPinterestEmail
admineconai

previous post
IFAD approves N9.7m for 48 farmers affected by flood in Delta
next post
Finnish finance ministry releases climate, nature strategy

Related Posts

Pope Leo hits out at climate change critics

October 3, 2025

Protesters seek $5tr payment from fossil fuel companies

October 1, 2025

UN official says climate change displaces up to...

September 30, 2025

UN ends high-level week with calls for peace,...

September 30, 2025

China announces plans to cut greenhouse gas emissions...

September 25, 2025

China locks down as Super Typhoon Ragasa nears...

September 24, 2025

Trump says climate change ‘greatest con Job in...

September 24, 2025

PERILS sets final industry loss estimate for 2024...

September 22, 2025

Guterres says 1.5C climate warming goal could fail

September 22, 2025

Australia sets 62-70% GHG emission reduction target by...

September 22, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

  • Facebook
  • Twitter
  • Instagram
  • Linkedin
  • Bloglovin
  • Vimeo

@2021 - All Right Reserved. Designed and Developed by Eco-Nai+

EcoNai Newsroom
  • Newsround
  • Nigeria
  • Africa
  • World