Covid-19 : le climat ne doit pas être remis à plus tard d’après la Banque de France

The document highlights the shared origins of the Covid-19 pandemic and climate risks, both stemming from the degradation of the natural environment. It argues that traditional financial risk models cannot capture future climate risks and that delaying climate action while addressing the pandemic would be a 'double erreur'. The text advocates for green recovery plans, the integration of ESG criteria into central bank portfolios, and the exclusion of fossil fuels—specifically coal and unconventional oil and gas—from monetary and prudential crisis responses.

• The Banque de France asserts that the Covid-19 pandemic and climate risks share a common cause in the widespread degradation of the natural environment, making the occurrence of such events increasingly predictable.
• Traditional financial risk management and economy-climate models are unable to capture upcoming climate-related risks, and responding to these risks via monetary and budgetary policy is complex because they manifest as simultaneous supply and demand shocks.
• The Banque de France argues that delaying the climate response to prioritize the Covid-19 crisis is a mistake, as the two crises are linked by their cause and mutual reinforcement, necessitating that the transition to carbon neutrality by 2050 be integrated into current economic recovery plans.
• Potential measures to align financial systems with climate stability include integrating ESG criteria into central bank portfolios, implementing green monetary, prudential, and fiscal policies, and reforming the international monetary and financial system.
• Reclaim Finance specifically calls for the Banque de France to strengthen its divestment policy and for European-level efforts to exclude coal and unconventional oil and gas from monetary and prudential crisis responses.

APA

admin (2020). Covid-19 : le climat ne doit pas être remis à plus tard d’après la Banque de France. Reclaim Finance. https://reclaimfinance.org/site/2020/04/17/covid-19-le-climat-ne-doit-pas-etre-remis-a-plus-tard-dapres-la-banque-de-france/

Chicago

admin. Covid-19 : le climat ne doit pas être remis à plus tard d’après la Banque de France. Reclaim Finance, 2020. https://reclaimfinance.org/site/2020/04/17/covid-19-le-climat-ne-doit-pas-etre-remis-a-plus-tard-dapres-la-banque-de-france/.

Wikipedia

{{cite press release |last1=admin |title=Covid-19 : le climat ne doit pas être remis à plus tard d’après la Banque de France |publisher=Reclaim Finance |date=17 April 2020 |url=https://reclaimfinance.org/site/2020/04/17/covid-19-le-climat-ne-doit-pas-etre-remis-a-plus-tard-dapres-la-banque-de-france/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{admin2020covid19, author = {admin}, title = {{Covid-19 : le climat ne doit pas être remis à plus tard d’après la Banque de France}}, publisher = {Reclaim Finance}, year = {2020}, month = apr, url = {https://reclaimfinance.org/site/2020/04/17/covid-19-le-climat-ne-doit-pas-etre-remis-a-plus-tard-dapres-la-banque-de-france/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }