Canada: Financial Sector Assessment Program-Technical Note on Climate Risks Analysis

Author: International Monetary Fund. Monetary and Capital Markets Department

Volume/Issue: Volume 2025 Issue 234

Publication date: August 2025

ISBN: 9798229021920

$20.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Finance , Environmental Economics , Natural Disasters , Climate change , Loans , Insurance , Financial Sector Assessment Program , Natural disasters , Mortgages

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Summary

The financial sector in Canada is exposed to both physical and transition climate risks. Floods and wildfires are prominent hazards, and climate change could increase their intensity. As a major fossil fuel producer, Canada is also exposed to transition risks, the 10th largest global emitter, and has committed to reduce emissions by 40–45 percent by 2030 relative to 2005.