02059cas a2200313 a 4500 AALejournalIMF022293 230101c9999 xx r poo 0 0eng d 5.00 USD 9781616356521 1018-5941 BD-DhAAL BD-DhAAL Demekas, Dimitri. Financial Regulation, Climate Change, and the Transition to a Low-Carbon Economy : A Survey of the Issues / Dimitri Demekas, Pierpaolo Grippa. Washington, D.C. : International Monetary Fund, 2021. 1 online resource (45 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students There are demands on central banks and financial regulators to take on new responsibilities for supporting the transition to a low-carbon economy. Regulators can indeed facilitate the reorientation of financial flows necessary for the transition. But their powers should not be overestimated. Their diagnostic and policy toolkits are still in their infancy. They cannot (and should not) expand their mandate unilaterally. Taking on these new responsibilities can also have potential pitfalls and unintended consequences. Ultimately, financial regulators cannot deliver a low-carbon economy by themselves and should not risk being caught again in the role of 'the only game in town.' Mode of access: Internet Central Banks and Their Policies imf Climate imf Financial Institutions and Services imf Global Warming imf Natural Disasters and Their Management imf Grippa, Pierpaolo. IMF Working Papers; Working Paper ; No. 2021/296 Full text available on IMF http://elibrary.imf.org/view/journals/001/2021/296/001.2021.issue-296-en.xml IMF e-Library