In the second event in the “Designing climate policies” series, experts from the academic and research community and the field of central banking discussed the international coordination of climate measures and the role of central banks in the fight against climate change. Bundesbank Vice-President Claudia Buch led the event, which was organised by the Bundesbank together with the Center for Liberal Modernity and the Potsdam Institute for Climate Impact Research.

Panellists Susanne Dröge from the German Institute for International and Security Affairs, Ottmar Edenhofer, Professor and Director of the Potsdam Institute for Climate Impact Research, Professor Ye Qi from the Institute of Public Policy at Hong Kong University, and Robert Stavins, Professor at Harvard University, discussed the topic “Coordinating climate policies internationally – What’s the state of play? And where are we heading?”

Vice-President Buch emphasised the importance of combating climate change for the economy, society, and also central banks, explaining that we need to understand the roles played by all the relevant actors. Moderated by the Vice-President, the panellists discussed the importance of international cooperation, appropriate measures for implementing emissions targets, and the right path to climate neutrality. In addition, there was rigorous debate regarding how countries such as China could be convinced to join the efforts against climate change and avoid a trade war.

In October, the third event in the “Designing climate policies” series will take place with Bundesbank Executive Board member Sabine Mauderer. The exact date as well as all further details will be published on the Bundesbank’s website.