Green Swan Conference Coordinates Public And Private Sector Leaders To Find Solutions To Climate Change Risks

Green Swan Conference Coordinates Public And Private Sector Leaders To Find Solutions To Climate Change Risks

While black swans are rare, green swans represent extreme climate events that we are already seeing ... [+] more and more frequently. Climate change-related physical and transition risks to the stability and resilience of the financial system are bringing together important public and private sector leaders to brainstorm practical solutions urgently. The Bank for International Systems (BIS), Bank of France, International Monetary Fund and Network for Greening the Financial System will be hosts to a unique conference that begins Tuesday, June 2nd. The agenda for 'How in practice can the financial sector take immediate action against climate change-related risks?" may be found here. Luiz Awazu Pereira da Silva, Deputy General Manager of the Bank for International Settlements (BIS) and one of the authors of the Green Swan book, spoke today about the unprecedented list of speakers who will present at the conference. He described this conference as a 'first time gathering' and a conference about global coordination. "Climate change requires coordination," he said. "There is no silver bullet against climate change. There is no one agent, one country, or one policy that can solve climate change." Pereira da Silva sees this conference as starting point. The Green Swan panels are