Taiwan’s central bank to use climate risk data for forecasts

Taiwan’s central bank plans to incorporate climate change risks into its modeling and forecasts for economic growth and inflation. The bank also wants to adapt its monetary policy to promote sustainable development.

The bank’s plans on using climate change data for forecasting include:

  • Helping Taiwan achieve net-zero emissions by 2050
  • Being prepared for a financial crisis caused by global warming and pollution
  • Analyze the impact of weather on forecasts such as GDP growth

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