Central banks use the Gaia AI project to analyze climate-related risks in company disclosures.

Central banks employ AI to assess climate-related risks, using the Gaia AI project to analyse company disclosures on carbon emissions, green bond issuance, and voluntary net-zero commitments. The experimental project aims to overcome differences in definitions and disclosure frameworks across jurisdictions, helping regulators of banks, insurers, and asset managers to assess the impact of climate change on financial institutions with high-quality data.

March 19, 2024
17 Articles