A supportive policy environment backed by accommodative monetary policy stance of the central banks of the advanced economies (AEs) and visible signs of pick-up in growth in some of the AEs have contributed, in a large measure, to reduction in volatility.
The central banks in Europe support the ongoing work in various international fora for removing the obstacles holding back green finance, for better disclosure of climate-related risks, and for better integration of risk management and regulatory frameworks to environmental assessments.