Description
The Vienna Initiative's working group on climate change and financial stability enhanced cross-border cooperation on climate risk assessment in Central, Eastern, and South-Eastern Europe. Between 2021-2023, the group focused on data quality, regulatory challenges, and transition pathways for decarbonisation, addressing gaps in climate-related data, and fostering understanding of supervisory and regulatory frameworks. The collective effort has led to the development of tools and shared best practices, significantly contributing to knowledge and capability enhancement to tackle climate finance challenges and support the region's financial stability.
