Bank of Canada pilot explores transitional risks of climate change

Bank of Canada, Ottawa
Photo: Matthew Liteplo Photography

The Bank of Canada released the results of a pilot exercise on January 14 exploring the risks that policies to tackle climate change may pose to the national financial system.

The exercise, conducted jointly with the Office of the Superintendent of Financial Institutions and six financial firms, sought to better understand the risks of transitioning to net zero though scenario analysis.

Rapid innovations in electricity infrastructure and carbon-negative technologies will be needed even in the

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