Unlocking climate action opportunities: progress amid geopolitical turbulence

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Contributor(s): Dr Swati Dhingra, Dr Matilde Mesnard, Dr Luiz Awazu Pereira da Silva, Chris Skidmore, Professor Lord Stern, Sharon Yang | This event will serve as a timely preview of the upcoming UN Climate Conference (COP), offering insights into where meaningful progress can be made on international climate action. It will explore the evolving landscape of global climate policy, with a particular focus on how both physical climate risks and transition-related risks are shaping the decisions of central banks, fiscal authorities, and financial regulators. Through expert discussion and cross-country perspectives, the event will reflect on the mounting challenges faced by policymakers in aligning climate objectives with broader macroeconomic and financial stability goals. While geopolitical fragmentation and economic headwinds continue to complicate the global policy environment, there remain significant opportunities to strengthen the design and implementation of monetary, fiscal, and regulatory frameworks. By identifying areas for coordinated progress, the event will highlight how both advanced and emerging economies can promote a more resilient global financial system, foster sustainable growth, and advance the just transition toward a low-carbon future even amid ongoing geopolitical turbulence.