INFORM Risk in IMF’s new Climate Change Indicators Dashboard
The IMF’s new Climate Change Indicators Dashboard (CID) was launched on 7th April 2021. Climate-related INFORM Risk was used for physical risk indicators.
The Dashboard is an international statistical initiative to address the growing need for data in macroeconomic and financial policy analysis to facilitate climate change mitigation and adaptation. The Dashboard is a single platform that brings together experimental climate change indicators that allows comparison across countries. The indicators have been developed in cooperation with international organizations and other agencies including the Organisation for Economic Co-operation and Development (OECD), the World Bank Group (WBG), the United Nations (UN), the European Commission, the European Statistical Office (Eurostat), the Food and Agriculture Organization (FAO), the International Energy Agency (IEA) and the National Oceanic and Atmospheric Administration (NOAA).
The indicators are grouped into four categories: Economic Activity and Climate; Cross-Border; Financial, Physical and Transition Risks; and Government Policy indicators. The four categories broadly reflect four dimensions: production, consumption and final demand, financing, and government policies. Additional indicators, country coverage and granularity are planned to be added over time.