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Embedded in Nature

Nature-Related Economic and Financial Risks and Policy Considerations

By: Charlotte Gardes-Landolfini,William Oman,Jamie Fraser,Mariza Montes de Oca Leon,Bella Yao

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Embedded in Nature

Nature-Related Economic and Financial Risks and Policy Considerations

By: Charlotte Gardes-Landolfini,William Oman,Jamie Fraser,Mariza Montes de Oca Leon,Bella Yao

The economy is embedded in, and dependent on, nature. Yet economic activity is degrading nature at an unprecedented pace. Interacting with climate change, nature loss and transformation generates significant threats to the global economy and financial system. However, work on the implications of nature-related risks for macroeconomic and financial sector policies remains at an early stage. This note seeks to contribute to this emerging policy space in three main ways: (i) it proposes a conceptual framework for understanding nature-related risks by mapping out macroeconomic transmission channels, emphasizing their impact on the economy and financial systems through “double materiality;” (ii) it conducts empirical analysis, finding that nearly 38 percent of bank loans of the 100 largest global banks are to harmful subsidies-dependent sectors and 44 percent are exposed to conservation areas under the Global Biodiversity Framework, and that industries most exposed to nature degradation are not well prepared to manage these risks; and (iii) it discusses takeaways for macroeconomic and financial sector policies and frameworks.

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Page Count

75

Publisher

International Monetary Fund

Published Date

ISBN 13

9798400288548

Embedded in Nature

Nature-Related Economic and Financial Risks and Policy Considerations

By: Charlotte Gardes-Landolfini,William Oman,Jamie Fraser,Mariza Montes de Oca Leon,Bella Yao

Write a review Read reviews Take a Quiz Solve Book Puzzle

Embedded in Nature

Nature-Related Economic and Financial Risks and Policy Considerations

By: Charlotte Gardes-Landolfini,William Oman,Jamie Fraser,Mariza Montes de Oca Leon,Bella Yao

The economy is embedded in, and dependent on, nature. Yet economic activity is degrading nature at an unprecedented pace. Interacting with climate change, nature loss and transformation generates significant threats to the global economy and financial system. However, work on the implications of nature-related risks for macroeconomic and financial sector policies remains at an early stage. This note seeks to contribute to this emerging policy space in three main ways: (i) it proposes a conceptual framework for understanding nature-related risks by mapping out macroeconomic transmission channels, emphasizing their impact on the economy and financial systems through “double materiality;” (ii) it conducts empirical analysis, finding that nearly 38 percent of bank loans of the 100 largest global banks are to harmful subsidies-dependent sectors and 44 percent are exposed to conservation areas under the Global Biodiversity Framework, and that industries most exposed to nature degradation are not well prepared to manage these risks; and (iii) it discusses takeaways for macroeconomic and financial sector policies and frameworks.

Average ratings

N/A

5

0%

4

0%

3

0%

2

0%

1

0%

Solve jigsaw puzzle

Age

Page Count

75

Publisher

International Monetary Fund

Published Date

ISBN 13

9798400288548