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Climate Change and Sub-Saharan Africa: The Role of Central Banks

Nicola Ranger et al.

Annual Review of Resource Economics2025https://doi.org/10.1146/annurev-resource-112923-094342article
AJG 2ABDC B
Weight
0.37

Abstract

Climate change is driving three transformations in the landscape of global finance, with implications for central banks in Sub-Saharan Africa (SSA). First, pressures on financial institutions related to climate-related physical risks are mounting, with potential to threaten price and financial stability. Second, global and domestic responses to climate change are creating risks and opportunities for SSA economies. Third, the ongoing shift in the global financial architecture toward sustainability could either crowd-out or crowd-in international investment flows to SSA. Uncertainties in each increase the challenges for central banks and supervisors. We find that, without action, the risks outweigh the opportunities. To fulfil their mandates, SSA's central banks are obliged to react; however, the paucity of peer-reviewed evidence hinders the development and execution of appropriate responses. Preparedness is crucial if actions by SSA central banks are to play their part in shifting the balance towards managing risks and grasping opportunities.

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https://doi.org/https://doi.org/10.1146/annurev-resource-112923-094342

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@article{nicola2025,
  title        = {{Climate Change and Sub-Saharan Africa: The Role of Central Banks}},
  author       = {Nicola Ranger et al.},
  journal      = {Annual Review of Resource Economics},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.1146/annurev-resource-112923-094342},
}

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Evidence weight

0.37

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.16 × 0.4 = 0.06
M · momentum0.53 × 0.15 = 0.08
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.