Green swan

Risk management - systemic risk - climate risk.

A green swan is a potentially extremely financially disruptive event leading to a systemic financial crisis, triggered by a climate-related event.

The term was popularised by Patrick Bolton, Morgan Després, Luiz Awazu Pereira da Silva, Frédéric Samama and Romain Svartzman in their 2020 book "The green swan - Central banking and financial stability in the age of climate change".

See also

• Black swan
• Central bank
• Climate change
• Climate risk
• Financial stability
• Risk management

External link

• The green swan - Central banking and financial stability in the age of climate change