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May 04 2021

TABE Webinar: Economic and Financial Risks from Climate Change


Climate change and the transition to a low-carbon world will have profound implications for the economy and financial system. As a result, central banks are increasingly focussed on the impacts for their financial stability and inflation-targeting goals.   The Bank of Canada has begun a large research program to better understand these effects; this work is particularly important given the Canadian economy’s relatively high carbon intensity and position as a small open economy.

This webinar will cover the use of scenario analysis and climate-economy modelling tools to better understand climate-related effects on the economy and financial system, and some illustrative results. It will also include a discussion of key research questions and challenges facing central banks, and an overview of the Bank of Canada’s work in this area.


This meeting will be conducted under the Chatham House Rule.  Participants are free to use the information received, but neither the identity nor the affiliation of the speaker(s), nor that of any other participant, may be revealed.  This event is closed to the media.

Login information will be included with your registration.

Erik Ens Senior Policy Director, Bank of Canada Erik Ens

Erik Ens is a Senior Policy Director in the Canadian Economic Analysis Department. As a member of the senior leadership team he helps oversee the Bank’s analysis of the Canadian economy and its research on monetary policy. He also leads the Bank’s macroeconomic modelling and scenario analysis work on climate change. Prior to this, he was a Senior Policy Advisor in the International Department, where he oversaw that department’s contributions to the Monetary Policy Report.


Mr. Ens joined the Bank in 2012, serving first as a Principal Economist and later as a Director in the Financial Stability Department. In these roles he led a post-crisis review of the Bank’s emergency lending policies and the initial development of a recovery and resolution regime for financial market infrastructure. Prior to joining the Bank Mr. Ens worked at the Department of Finance Canada and the Privy Council Office, where he provided advice on a wide range of fiscal, financial system and macroeconomic issues.


Mr. Ens holds a Masters in Economics from the University of British Columbia.

Event Details

May 04, 2021 1:00pm - 2:15pm EST

Event Registration

Public Attendee List

  • Paul Wefers Bettink - ESDC
  • Azazdeh Farahnakian - Infrastructure Canada
  • david sevigny - hsbc bank canada
  • Jiangnan Ji - Bank of Canada
  • Judith McWhinney - Region of Peel
  • Bonnie Lemcke - Ontario Financing Authority