Again, I am pleased to be here at the launch of this important strategy. Congratulations to those who have worked so hard to put it together. Thank you. 2/2  BIS central bankers' speeches
Central banks can participate in the establishment of a common framework to measure climate-related risks and to integrate them into their risk management practices. National governments should then play the decisive role with a more appropriate calibration of incentives for sustainable investment, taxation and regulation of carbon emission and the removal of fossil fuel subsidies.