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How central banks are tackling climate change risks (Credit: Unsplash) This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Silvia Anna Ainio, Policy Officer, European Commission Central banks have an increasingly critical role in tackling climate change policy objectives. Incorporating climate-related risks into regulatory frameworks remains challenging but central banks are starting to lead the way. The case for incorporating climate change into macroeconomic modeling and investment decisions has never been stronger. Extreme weather events such as floods and storms have now become more frequent, and their impact on growth and inflation is increasingly visible and felt around the world. Recent research has shown how climate change can have a strong impact on the stability of the global banking system by increasing the frequency of banking crises in the medium to long-term. ....