I will outline how the actions that central banks and supervisors take to account for climate-related and environmental factors follow from their democratically assigned mandates. I will show how these actions build on the awareness that the economy will be subject to increased shocks from ongoing climate and environmental crises while undergoing one of the biggest structural transformations in modern history.
The aim is to be in line with what has been done by successfully developed countries. We must work very hard to identify what these countries have done and keep doing to promote their development and protect their own interests rather that what they say they have done.