At the international level, there is an increasing awareness of the challenges posed by climate change and economic activities with negative effects on the environment. At the same time, efforts are being made to explore ways of assessing the impact of climate risk on the financial system and the real economy.

From the perspective of regulatory and supervisory authorities, climate risk is assessed through the lens of vulnerable exposures to climate change, considering both the physical risk component and the transition risk component. The analyses conducted by the National Bank of Romania (BNR) have generally focused on credit risk, which may arise in the context of transitioning to a low-carbon economy.

Additionally, BNR plays an active role in supporting the sustainable growth of financial intermediation, including through promoting knowledge transfer to companies and developing expertise among them, both for better awareness of risks and for conducting a greenhouse gas inventory at the company level. These actions are necessary to reduce the impact of climate risks on companies while also stimulating lending, with positive effects on financial stability.

By attending this webinar, you will learn about:

  • Climate Risk Monitoring in Romania's Banking Sector: The climate risk monitoring dashboard tracks the effects of climate change on Romania's banking sector, aligned with the National Committee for Macroprudential Oversight’s recommendation;

  • Types of Climate Risks: Physical Risks: Impacts due to extreme weather (e.g., floods, droughts, high temperatures) that affect sectors such as agriculture and utilities, Transition Risks: Risks associated with policy, market, or technological changes as Romania shifts to a low-carbon economy;

  • Indicators of Economic Impact: Key metrics include greenhouse gas (GHG) emissions, carbon productivity, renewable energy usage, and sector-specific vulnerabilities;

  • Impact on Non-Financial Companies: A climate survey assesses companies' resilience to climate risks, including energy cost impacts and the capacity for carbon emission assessments;

  • Green Finance and Government Policies: Green bonds and green loans are emerging financing tools. The EU Emissions Trading System (ETS) influences carbon pricing, encouraging investment in sustainable projects;

About the guest speaker

Luminița Tătărici is the Head of the Financial Stability Department, Systemic Risk Monitoring Service at the National Bank of Romania, with over 12 years of experience. She has expertise in monitoring and evaluating systemic risks, with a focus on climate risks and macroprudential policies.

Devino membru

SustainAbility School este un program de educație dedicat exclusiv angajaților din organizațiile membre ale Ambasadei Sustenabilității în România prin programul Coaliția România Sustenabilă.

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