Voix du Paysan: Informing and Empowering Citizens for Social and Climate Justice
Central banks are no longer focused solely on inflation and interest rates. They are increasingly examining how oil price shocks, dependence on fossil fuels, and climate-related disasters can weaken economies, disrupt financial markets, and threaten monetary stability. This shift reflects a growing recognition that climate risk has become a major economic and financial risk.
Critical questions are now at the forefront of economic policymaking. How do sharp increases in oil prices affect households and businesses? What lies ahead for countries whose economies rely heavily on oil revenues as their major trading partners accelerate the transition to renewable energy? And how will investors respond when extreme weather events erode the value of agricultural, real estate, and industrial assets? These are no longer theoretical concerns—they are central to the agenda of financial policymakers worldwide.
Against this backdrop, leading international experts, with the support of the Leave It in the Ground (LINGO) initiative, will convene to examine the intersection of fossil fuels, climate change, and central banking policies. The participation of representatives from the Central Bank of Brazil, the Dutch Ministry of Foreign Affairs, former central bank officials, and climate finance specialists underscores the strategic importance of these discussions.
Beyond the technical debates, the webinar highlights an undeniable reality: the energy transition is no longer solely an environmental imperative—it is a prerequisite for economic resilience. Central banks are increasingly expected to play a pivotal role in anticipating climate-related financial risks, safeguarding economic stability, and supporting a just transition toward a development model that is less dependent on fossil fuels.
Emmanuel Ndimwiza
Editor – Voix du Paysan
Central Banks and Climate: Why Oil Shocks and Fossil Fuels Are Already Reshaping the Future of the Global Economy
