INSPIRE
A research network focused on greening the financial systemThe global financial system must evolve to respond to the growing risks posed by climate change and environmental degradation. The International Network for Sustainable Financial Policy Insights, Research, and Exchange (INSPIRE) is an independent research network built to support the central banks and supervisors of the Network for Greening the Financial System (NGFS) in their work to manage climate risk and mobilize finance to support the transition to a sustainable economy.
About Us
Learn about INSPIRE’s background, secretariat, and advisory committee
Calls for Proposals
See the call for research proposals
Funded Research
See INSPIRE funded research projects
Events
Learn more about upcoming and past INSPIRE events
Featured Research
Call Four Awardees
In 2020, INSPIRE issued a call for research proposals addressing climate change and the macroeconomy.More specifically, the implications for the conduct of monetary policy and the coordination of monetary, prudential and fiscal policy. This summary provides an overview of the projects awarded
Building the analytical foundations for greening the financial system
This report provides an overview of the work of 21 research teams commissioned by INSPIRE. Each project provides vital insights into the opportunities and challenges that can guide NGFS members to delivering a green, sustainable and resilient economy.
A Toolbox of Sustainable Crisis Response Measures for Central Banks and Supervisors
This new edition of the toolbox provides a framework for how sustainable considerations may be integrated into both crisis response measures and general operations.
How INSPIRE works
As a designated research partner to the Network for Greening the Financial System (NGFS), INSPIRE supports the NGFS and its partners with a cutting-edge global research agenda. INSPIRE works closely with the NGFS and the research community to manage its own commissioned research and to support NGFS-commissioned research.
INSPIRE-commissioned research outputs
INSPIRE commissions research developed by its advisory committee in consultation with the NGFS’s members and the broader research community. Its primary modality for commissioning such research is through open calls.
In 2019, INSPIRE issued two comprehensive calls for proposals responding to the broad range of research topics identified by the NGFS work-streams.
A description of awarded research projects can be found here.
Details on INSPIRE’s previous calls for paper can be found here
NGFS-commissioned research products
When requested by the NGFS, INSPIRE also commissions outside research to inform work products developed by the NGFS. Currently, such work includes the following projects:
- In 2019, INSPIRE began working with the NGFS’s workstream 1 to support an “Occasional Paper” from independent researchers on current supervisory practices in environmental risk assessment to inform the workstream’s own report on the topic.
- In 2019, INSPIRE has, at the request of the NGFS, worked with workstream 2 to commission a set of external researchers to develop a set of climate “reference” scenarios to assist supervisory authorities and the market to manage climate-related financial risks, and to facilitate dialogue with the research community on such scenario modeling. The initial scenarios and guidance issued by the NGFS as a result of this research can be found here.
