In his role as Chair of the Financial Stability Board (FSB), Governor of the Bank of England Mark Carney has sent a letter to G20 finance ministers identifying tackling climate related risks as a priority for 2016.

The FSB exists to promote worldwide financial stability and identify actions financial regulators throughout the world should be taking to reduce risks to their economies. The FSB has identified climate change as a key emerging vulnerability and set up a task force to look at developing consistent climate-related financial disclosures for use by companies. This will allow regulators and investors to better understand the risks climate change poses to individual businesses and economies worldwide.