Nov 2025
Too hot to handle?
Central banks are responsible for managing price and financial stability and supporting government economic policy. Climate change and nature loss pose risks for all these objectives.
This report focuses on the Bank of England, outlining how climate change and nature loss threaten price and financial stability and economic growth; the challenges that environmental degradation pose for central banking; progress made in the last few years by the Bank of England on environmental analysis and policy, and; a set of key recommendations for actions the Bank should take next.