The International Monetary Fund will expand its new pilot climate change stress tests to more countries, it announced in a research paper published on February 5.

“Work is ongoing to examine, on a pilot basis, financial stability risks associated with the transition to a low-carbon economy,” said the paper’s authors, Tobias Adrian, James Morsink and Liliana Schumacher.

Adrian is financial counsellor and director at the IMF’s monetary and capital markets department, where Morsink is a deputy