Abstract:
This thesis will be focused on climate changes, how central banks deal with them and the impact of the economy.
The first chapter will focus in the following subjects:
(1) An introduction about climate change
(2) The climate change risks and the impact on the economy
(3) Climate change risks, focusing mainly on transition risks and why it's a problem for central banks
(4) The tragedy of horizon.
In the second chapter the following subjects will be discussed:
(1) The climate change influence and problem in different central banks
(2) Different worldwide regulations for the future
(3) The main risks for the central banks and what they can do
(4) Central banks mandate and the goals of climate change
(5) Monetary authority and Fiscal authority roles in climate change.
The third chapter will focus on the European Central Bank:
(1) Introduction on the ECB and programmes available to fight climate change
(2) The ECB mandate
(3) The monetary authority and the fiscal authority problems in Europe.
