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VERSION:2.0
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DTSTAMP:20260429T200133Z
DTSTART;VALUE=DATE:20261102
DTEND;VALUE=DATE:20261105
SUMMARY:Implications of climate change and climate policies for monetary 
 policy
TRANSP:TRANSPARENT
UID:2026_11_03_climate_change_monetary_policy_967752
DESCRIPTION:Objective\n\nThis course is designed for central bank officia
 ls who focus on sustainability\, climate and monetary policy. It follows
  the recommendation of the Network for Greening the Financial System’s (
 NGFS) "Sustainability Training Reference Guide" (STaR Guide) available v
 ia the Climate Training Alliance (CTA) Portal. The course requires inter
 mediate knowledge\, such as provided through the foundation course Under
 standing climate risk – an introduction\, which took place in April (see
  link below). However\, participation in that specific course is not a p
 rerequisite\; participants may have acquired their intermediate knowledg
 e through other means. \n\nThe STaR Guide provides a structure and recom
 mendations to central banks and financial supervisors on how to systemat
 ically establish capacity on climate-related and environmental knowledge
 . Capacity building is a key enabler to accelerate the upskilling of the
  NGFS central banking and supervisory community and a priority for the N
 GFS chair\, Bundesbank First Deputy Governor Sabine Mauderer. As emphasi
 sed by the NGFS (2021)\, a continuous upskilling of knowledge is necessa
 ry to account for an evolving understanding of climate‑related and envir
 onmental risks and to implement robust risk management practices. \n\nCo
 ntents\nUnderstanding the planetary problems – an introduction to climat
 e change\, climate and earth system science\nBundesbank's sustainability
  journey\nClimate\, Policy and the Macroeconomy\nModelling climate risk:
  The Bundesbank's Environmental Multi-Sector DSGE Model EMuSe\nGreenness
  in the collateral framework\nClimate-related financial risks and the ce
 ntral bank balance sheet\nGreening In-house Credit Assessment Systems\, 
 example of Bundesbank’s ICAS\nSustainable finance data hub\n\nTarget gro
 up\n\nThe expert panel is targeted at central bankers who are directly i
 nvolved in monetary policy implementation\, with many years of experienc
 e working in this field. Candidates should have extensive knowledge and 
 a sound understanding of monetary policy implementation and operational 
 frameworks and should be familiar with the debate on green finance and c
 limate change as a source of risk. Participants will be expected to cont
 ribute actively to the panel by presenting the work/viewpoint of their c
 entral bank on this topic.\n\nPlease note:\n\nA nomination is required i
 n order to participate in our in-person courses.
LOCATION:Frankfurt am Main
CONTACT:Deutsche Bundesbank – CIC\, tzk@bundesbank.de\, +49 69 9566-36605
 
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