Climate and the Macroeconomy: why monetary policy makers are increasingly focusing on the impact of climate risks

Why monetary policy makers are increasingly focusing on the impact of climate risks

 

The Oxford Department of Economics is pleased to host the James Talbot (Bank of England) for an exclusive keynote speech, followed by a moderated discussion.

 

Where: Lecture Theatre, Manor Road Building, Oxford

When: Friday 9th May 2025, 16:00 - 17:30

 

Register for FREE here

 

More about this speech: As climate change drives more frequent and more severe weather events and as governments across the world implement policies to transition their economies to net zero, the macroeconomic impacts are increasingly materialising over time horizons relevant for monetary policymakers. James Talbot, Executive Director at the Bank of England and Chair of the Network for Greening the Financial System’s (NGFS) workstream on monetary policy, explains why monetary policymakers must understand the macroeconomic impacts of climate change. Drawing on the latest work in this area, he discusses the channels through which climate shocks affect the economy, the trade-offs they can present for policymakers and why central banks need to better understand these risks.

 

About the speaker

 

James Talbot

Executive Director of the International Directorate

James Talbot is Executive Director of the International Directorate. James became Executive Director in 2023, following six years as International Director. He is responsible for the Bank’s international analysis and risk assessment which supports all of the Bank’s policy objectives. James sets the international strategy for the Bank and is responsible for the development of international policy in G20 and G7 and at the BIS, FSB and IMF. James is also the Bank’s Executive Sponsor for climate, overseeing the delivery of the Bank’s climate policy work. James represents the Bank in a number of international fora and committees, including Chairing the Network for Greening the Financial System workstream on Monetary Policy.

 

 

 

 

Panellists