We assessed these vulnerabilities in the context of four risk scenarios, namely: •  a large increase in Canadian unemployment brought about by a severe recession;  •  a sharp jump in long-term interest rates driven by higher risk premiums, globally and in Canada;  •  a sudden rise in stress from China or another major emerging economy; and  •  a prolonged period of very low commodity prices.
Central Banks that have decided to act on the climate issue are doing so through a myriad of different structures based on the uniqueness of the challenges that they face, while they tend to have some common ground in their initiatives.