Climate Change and Green Finance

JVI is gradually resuming classroom delivery. This course is scheduled to take place at JVI, but may have to be delivered virtually in case safe travel to and in-person training in Vienna will not be possible. The decision to offer virtual instead of onsite training, or a combination of the two (hybrid), will be made within 5 weeks of the course start date.​


TARGET GROUP | Mid-level to senior public officials central banks, ministries of finance or economics, financial supervisory authorities and regulators.


DESCRIPTION | Climate change poses significant long-term risks to financial assets, to the financial institutions which hold those assets and to financial stability. Supervisors, regulators and asset managers must account for these risks or else their expectations on risk-adjusted returns will be systematically biased. Taking these risks into consideration will change the relative prices of climate-friendly and climate-damaging assets. If market participants do not anticipate this change, financial stability may be endangered. The transition towards a climate-neutral economy requires more investments in climate-neutral assets. Policymakers like the EU and national governments need to increase public investments and to create more incentives for private funding of safe and sustainable climate friendly technologies.


The course will cover the channels through which climate change affects the economy and financial markets, different climate change scenarios and especially the impact of climate change on the financial system. It will present methods for identification and assessment of climate risks to banks and other financial institutions (e.g. stress testing exercises) and discuss macroprudential instruments to tackle climate related risks. It will also present ways for funding the transition towards a climate-neutral economy and discuss recent policy proposals to that end.


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Course Details

Start: 20220620Jun 20
End: 20220624Jun 24

Language: English

Sponsoring Organization: OeNB/BMF

Admin Arrangements

Application Deadline: April 27, 2022

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