The global financial system must evolve to respond to the growing risks posed by climate change and environmental degradation. The International Network for Sustainable Financial Policy Insights, Research, and Exchange (INSPIRE) is an independent research network built to support the central banks and supervisors of the Network for Greening the Financial System (NGFS) in their work to manage climate risk and mobilize finance to support the transition to a sustainable economy.
The joint Study Group on ‘Biodiversity and Financial Stability’ launched by NGFS and INSPIRE publishes a Vision Paper. The report sets out the links between biodiversity loss and the macroeconomic and financial systems.
The goal of the research initiative is to establish an evidence-based approach to how central banks and supervisory authorities could fulfil their mandates in the context of biodiversity loss, with a focus on land-use and deforestation.
We're delighted to announce the projects that will be funded from our fourth research call, climate change and the macroeconomy: Implications for the conduct of monetary policy and the coordination of monetary, prudential and fiscal policy.
This new edition of the toolbox provides a framework for how sustainable considerations may be integrated into both crisis response measures and general operations.
As a designated research partner to the Network for Greening the Financial System (NGFS), INSPIRE supports the NGFS and its partners with a cutting-edge global research agenda. INSPIRE works closely with the NGFS and the research community to manage its own commissioned research and to support NGFS-commissioned research.
INSPIRE commissions research developed by its advisory committee in consultation with the NGFS’s members and the broader research community. Its primary modality for commissioning such research is through open calls.
In 2019, INSPIRE issued two comprehensive calls for proposals responding to the broad range of research topics identified by the NGFS work-streams.
When requested by the NGFS, INSPIRE also commissions outside research to inform work products developed by the NGFS. Currently, such work includes the following projects: