Central banks

ASEAN economies exposure to climate transition risks

This report examines ASEAN exposure to transition risks. The report describes the major channels by which these risks will be transmitted through to the financial economy and examines possible local and global sources of transition risk.
Sources of transition risk vulnerability are revealed through analysis of ASEAN bond and loan data, with a particular focus on Indonesia, the Philippines and Viet Nam.

Embedding Sustainability into the COVID recovery: A Primer for ASEAN Central Banks

This Policy Brief examines the possible role ASEAN central banks could play in ‘building back better’ from the COVID-19 pandemic, drawing on international examples of innovative action in both COVID-19 recovery and greening central bank activities.

This report synthesises best practice on the ‘greening’ of prudential and monetary policies and contextualises these into lessons that can be drawn on by ASEAN Central Banks as they rebuild from the economic impacts of COVID-19.

Identifying, managing and disclosing climate-related financial risks: options for the Reserve Bank of India

India has committed to becoming a net-zero economy by 2070. This means a five fold increase in investment in green energy by 2030. But Indian banks are already heavy lenders to the power sector.
In this report the authors quantify the extent of lending by Indian banks to fossil fuel assets including power stations, coal, oil and gas extraction and heavy industry. This loans pose potential risks to Indian financial systems capacity to transition to decarbonise.