Scaling up Green Finance: The Role of Central Banks 2018 | Deutsche Bundesbank | 8 November 2018 | Deutsche Bundesbank, Berlin, Leibnizstrasse 10, 10625 Berlin, Germany

The transition to a low-carbon economy requires shifting trillions from brown to green activities. Several reports estimate that more than USD 90 trillion will be needed to adapt our infrastructure in a way that is consistent with the 2°C scenario. Given that the horizon of materialisation of climate risk is narrowing, the need to change scale is becoming more pressing for all actors. Also, central banks are playing an increasingly important role in efforts to mainstream green finance. The newly founded Network for Greening the Financial System is therefore bringing together central banks and supervisors that are willing to contribute to the scaling-up of green finance.