概要

This eCourse consists of two modules.

​Module 1 focuses on climate stress testing. Climate change is one of the greatest challenges facing the world today. Climate risks, however, are particularly difficult to assess because of their unpredictability and interconnectedness with other systems. It is unclear how, and to what degree, climate-related changes impact other socioeconomic systems and financial markets. Stress tests are a tool used to help understand and quantify the financial impact of climate risk under various scenarios. This module describes the concept of climate stress testing in detail.

Module 2 focuses on decarbonisation. Many scientists warn that, if left unchecked, rising carbon emissions present catastrophic risks to the planet. Decarbonisation, in its simplest terms, is the concerted attempt to halt or reverse this process. This module provides a high-level overview of decarbonisation and how banks can help to drive it.

宗旨

On completion of this eCourse, you will be able to:

• Recognise the need for climate stress testing and the linkages/differences between scenario analysis and stress testing;
• Identify the key components of a climate stress test;
• Recognise why the incorporation of climate-related risks into stress testing poses particular challenges;
• List the reasons why central banks/regulators conduct climate stress tests and the conclusions from some of these tests;
• Outline the key goals of global decarbonisation;
• Explain the main challenges to decarbonisation; and
• Describe how banks can help drive decarbonisation.

內容

Module 1: Climate Risk - Stress Testing
Topic 1: Overview of Climate Stress Testing
Topic 2: Components of Climate Stress Tests
Topic 3: Stress Testing Challenges
Topic 4: Case Studies

Module 2: Decarbonisation