Exploring a macroprudential complement to transition planning
Photo: Benoit Deschasaux, Unsplash+
A macroprudential perspective to accompany the more usual microprudential focus can support the successful development of transition plans that reduce greenhouse gas emissions, while also offering holistic management of financial risks along the transition. Paul Hiebert, Agnieszka Smoleńska and Fabio Tamburrini explain the benefits and implementation challenges in this commentary for the Centre for Economic Transformation Expertise (CETEx).