12 lines
No EOL
1.2 KiB
Markdown
12 lines
No EOL
1.2 KiB
Markdown
---
|
|
date: '2021-04-29T06:02:29'
|
|
li-id: 6793414154024693760
|
|
li-url: https://www.linkedin.com/posts/jean-marc-jancovici_towards-climate-integration-into-global-prudential-activity-6793414154024693760-JFZS
|
|
title: CHANGE_ME 820
|
|
---
|
|
|
|
The Basel Committee on Banking Supervision is the primary global standard setter for the prudential regulation of banks, with 45 members coming from 28 jurisdiction.
|
|
|
|
A recent report issued by this body, and deciphered by Carbone 4, describes the appropriate way to begin to assess the climate related financial risks. The Committee recommends using data which is highly granular, bottom up, encompasses the whole value chain, and uses scenario-bases analysis. It is exactly what we do at Carbon4 Finance , and what we already provide to 2 central banks (including Banque de France).
|
|
|
|
The members of the Committee outline that available data remains scarce. According to our experience, the reason why is primarily the lack of financial means devoted to the issue by the same members :), and not the lack of appropriate methods (we have that). Indeed, creating then deploying new methodologies requires putting (a significant amount of) money into the process. Appropriate data will not pop up with a magical wand! |