The pervasive mispricing of climate risks are increasingly a threat to firms in the sector and to financial stability more broadly, giving greater impetus to questions of its climate scenario modelling, risk management strategies and governance.

There's more to come from us on this topic!

It also draws on another @bjpir.bsky.social article by myself and @james7jackson.bsky.social

journals.sagepub.com/doi/full/10....

It draws on @matpaterson.bsky.social wonderful recent book In Search For Climate Politics
www.cambridge.org/core/books/i...

It was a real pleasure to work with @james7jackson.bsky.social and @matpaterson.bsky.social on this article!

Our findings demonstrate the diversity of views within the British state on the complexity of protecting CBI in the midst of the intensifying contradictions and strategic dilemmas related to climate governance and climate change.

This article explores these dual dynamics within the Bank of England as seen by insiders, and finds differing accounts that are refracted through differing understandings of politics and the Bank's existing political status.

The article finds that new green objectives can depoliticise prior forms of mission creep whilst simultaneously licensing new internal debates on further institutional evolutions that could be repoliticising.

Central Banks are increasingly between a rock and a hard place on this issue, as both action and inaction in the context of new green objectives and escalating climate risks present significant challenges to their apolitical & technocratic reputations.