New dashboard compiles key climate-related information and indicators for a wide audience
Our new Climate Dashboard compiles information and indicators relating to climate change and sustainable finance.
The dashboard was created by the Bank’s Climate Hub, the group within the NBB responsible for coordinating activities related to climate change and sustainable finance. The Climate Hub facilitates cooperation and the exchange of information between departments in these areas.
The purpose of the Climate Dashboard is to provide the broader public with more information on the consequences of climate change and the transition to net zero emissions for the economy and the financial system.
By means of this initiative, the National Bank underscores its focus on climate change and the resulting challenges. It should be noted that the NBB also analyses climate-related risks in the financial sector and monitors the management thereof.
The dashboard is in the form of a PowerPoint presentation, written in accessible language and based in part on the NBB's own sources. The titles contain the main conclusions drawn from the data.
Its three key messages are:
- Global greenhouse gas emissions are still rising, making it unlikely for the world to limit warming to 1.5°C: less than ten years at current emissions consume the remaining 1.5°C carbon budget. View the slide
- A carbon price is crucial to change relative prices. The EU Emissions Trading System sets a carbon price for the power sector, industry, and domestic aviation.
View the slide
- The macroeconomic cost of the transition toward climate neutrality is manageable. View the slide
- Energy inefficiency of real estate is most important source of transition risk for Belgian financial sector. View the slide
The Climate Hub will update the dashboard regularly.