As various stakeholders, including the government and firms, accelerate their efforts concerning climate change, the Bank, for its part, has decided on a comprehensive strategy to further its efforts on climate change consistent with its mandate of achieving price stability and ensuring the stability of the financial system (Chart 20).
One measure under the strategy is the new fund-provisioning measure I explained earlier, under which the Bank will provide funds to financial institutions for investment or loans they make to address climate change.