Strengthening the Climate Information Architecture

By Caio Ferreira, David L Rozumek, Ranjit Singh, Felix Suntheim

September 8, 2021

Preview Citation

Format: Chicago

Caio Ferreira, David L Rozumek, Ranjit Singh, and Felix Suntheim. Strengthening the Climate Information Architecture, (USA: International Monetary Fund, 2021) accessed November 23, 2024

Summary

Strengthening the climate information architecture is paramount to promote transparency and global comparability of data and thus improve market confidence, safeguard financial stability, and foster sustainable finance. This note provides a conceptual framework around the provision of climate-related information, discusses the progress made to date, and points toward the way forward. Progress and convergence are required on the three buildings blocks of a climate information architecture: (1) high-quality, reliable, and comparable data; (2) a globally harmonized and consistent set of climate disclosure standards; and (3) a globally agreed upon set of principles for climate finance taxonomies. A decisive, globally coordinated effort is needed to move forward on all three fronts.

Subject: Climate change, Climate finance, Environment, Environmental sustainability

Keywords: Climate change, Climate change, Climate finance, Climate information architecture, Data, Disclosure, Disclosure standard, Environmental sustainability, Global, IMF staff climate note, IMF staff climate NOTE 2021/003, Market confidence, Taxonomies

Publication Details

Pages:

14
Volume:

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DOI:

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Issue:

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Series:

Staff Climate Note No 2021/003
Stock No:

CLNEA2021003
ISBN:

9781513590790
ISSN:

2789-0600

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