[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-109530-en":3,"doc-seo-109530-105":31,"detail-sidebar-cat-0-en-105":92},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":21,"is_downloadable":21,"audit_status":21,"page_count":22,"language":23,"language_code":24,"site_id":25,"html_lang":24,"table_of_contents":26,"faqs":27,"seo_title":28,"seo_description":14,"update_tm":29,"read_time":30},109530,8796095461610,"Oliver","https://ap-avatar.wpscdn.com/davatar_276721f389ce27ea32af1340a28f341c",8,"Research & Report","Country Climate and Development Report - Background Note on Assessing Climate Risks and Opportunities for the Financial Sector in Tanzania","Background note supporting Tanzania’s Country Climate and Development Report by outlining how climate risks affect the financial sector and how opportunities for green finance can be scaled. The document reviews physical and transition climate risks, examines banking sector exposures and current responses, and presents policy recommendations covering governance, strategy, risk management, disclosure, and climate risk supervision. It also identifies barriers to climate finance and proposes measures such as green taxonomies, transparency, and market instruments to mobilize investment for climate action.","Pub lic Disclosure Authorized Pub lic Disclosure Authorized Pub lic Disclosure Authorized Pub lic Disclosure Authorized  \nEASTERN AND  \nSOUTHERN AFRICA  \nUNITED REPUBLIC OF TANZANIA  \nBackground Note on Assessing Climate Risks and Opportunities for the Financial Sector in Tanzania World Bank Group  \nNovember 2024  \n© 2024 The World Bank Group  \n1818 H Street NW, Washington, DC 20433  \nTelephone: 202-473-1000; [Internet: www.worldbank.org](Internet: www.worldbank.org)  \nThis work is a product of the staff of the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA), collectively known as The World Bank Group, with external contributors.  \nThe World Bank Group does not guarantee the accuracy, reliability or completeness of the content included in this work, or the conclusions or judgments described herein, and accepts no responsibility or liability for any omissions or errors (including, without limitation, typographical errors and technical errors) in the content whatsoever or for reliance thereon. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of any of the organizations of The World Bank Group concerning the legal status of any territory or the endorsement or acceptance of such boundaries. The findings, interpretations, and conclusions expressed in this volume do not necessarily reflect the views of IBRD/IDA, IFC and MIGA, their respective Boards of Executive Directors, and the governments they represent.  \nThe contents of this work are intended for general informational purposes only and are not intended to constitute legal, securities, or investment advice, an opinion regarding the appropriateness of any investment, or a solicitation of any type. Some of the organizations of The World Bank Group or their affiliates may have an investment in, provide other advice or services to, or otherwise have a financial interest in, certain of the companies and parties named herein.  \nNothing herein shall constitute, or be construed, or considered to be a limitation upon or waiver of the privileges, and immunities of any of IBRD/IDA, IFC and MIGA, all of which are specifically reserved.  \nRights and Permissions  \nThe material in this work is subject to copyright. Because the World Bank Group encourages dissemination of its knowledge, this work may be reproduced, in whole or in part, for noncommercial purposes as long as full attribution to this work is given, and all further permissions that may be required for such use (as noted herein) are acquired. The World Bank does not warrant that the content contained in this work will not infringe on the rights of third parties, and accepts no responsibility or liability in this regard.  \nAll queries on rights and licenses should be addressed to World Bank Publications, The World Bank, 1818 H Street NW, Washington, DC 20433, USA; e-mail: [pubrights@worldbank.org](pubrights@worldbank.org).  \nBackground Note on Assessing Climate Risks and Opportunities for the Financial Sector in Tanzania  \nCOUNTRY CLIMATE AND DEVELOPMENT REPORT  \nAcknowledgments v  \nExecutive Summary 1  \nIntroduction 5  \n1. Financial Sector and Climate Change Context 7  \n1.1 Financial sector context 7  \n1.2 Climate change context 10  \nPhysical risks of climate change 10  \nTransition risks of climate change 11  \n2. Assessing and Managing Climate-related Financial Risks 14  \n2.1 The banking sector’s exposure to climate-related financial risks 15  \nExposure to climate physical risks 16  \nExposure to climate transition risks 24  \n2.2 Overview of the current banking sector response to climate risks 25  \nStrategy, governance, and capacity building 26  \nRisk management 26  \nDisclosure and reporting 27  \n2.3 Policy recommendations for assessing and managing climate-related financial risk 29  \nGovernan","cbCaipxa1V1TSm5w","https://ap.wps.com/l/cbCaipxa1V1TSm5w","pdf",2750526,4,1,56,"English","en",105,"# Acknowledgments\n# Executive Summary\n# Introduction\n# Financial Sector and Climate Change Context\n## Financial sector context\n## Climate change context\n# Assessing and Managing Climate-related Financial Risks\n## The banking sector’s exposure to climate-related financial risks\n## Overview of the current banking sector response to climate risks\n## Policy recommendations for assessing and managing climate-related financial risk\n# Identifying Opportunities to Scale Green Finance\n## Current role of the financial sector in supporting climate action\n## Barriers to climate finance from the financial sector\n## Policy recommendations for stimulating green finance markets\n# List of Tables\n# List of Figures","[{\"question\":\"What climate risk types does the background note address for Tanzania’s financial sector?\",\"answer\":\"It discusses physical risks and transition risks of climate change, including how these risks transmit to financial institutions.\"},{\"question\":\"How does the report assess banking sector exposure to climate-related financial risks?\",\"answer\":\"It reviews exposure to climate physical and transition risks and describes how the banking sector responds through strategy, governance, capacity building, risk management, and disclosure.\"},{\"question\":\"What policy recommendations are proposed to stimulate green finance markets?\",\"answer\":\"Recommendations include fostering transparency through a green taxonomy and enhanced climate disclosure requirements, catalyzing market instruments and investors, and supporting the greening of national development financial institutions.\"}]","Country Climate and Development Report - 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