Submissions

Collection: Integrating CRFR in the institutional frameworks governing banking ecosystems in the global South

Topic: Climate-Related Financial Risks (CRFR) and Banking Ecosystems

Title: Integrating CRFR in the institutional frameworks governing banking ecosystems in the global South

Aims and Scope: Climate-Related Financial Risks (CRFR) has been added to the lexicon in the financial system, in particular, with respect to financial stability. Climate-related ‘events’ affect the functioning of ecosystems (alongwith the other drivers)—the nature and type of changes cannot always be predicted. It changes the ‘equation’ between expected risk and expected returns (from financial assets, in the form of loans, mortgages, etc.). Social ramifications include increase in costs due to increase in intensity and coverage of external effects, additional public expenditure to offer protection, among higher insurance claims, among others.

This is an emerging area, across jurisdictions, covering both banking and non-banking financial ecosystem. For this collection, the scope will be limited to the banking part. Its wider reach across income classes in comparison to its non-banking counterpart makes it more important. However, all aspects of the financial ecosystem that are connected with banking will be considered including those emanating from the connections between banking and non-banking system. 

BACKGROUND: At the global level, Network of Central Banks and Supervisors for Greening the Financial System (NGFS) established in 2017 with enhancing “the role of the financial system to manage [climate related] risks” has 152 members (as on April 2026)—most being central banks and supervisors across over 95 countries. It publishes reports, papers, notes, etc. on all topics ranging from data to scenario design to monetary policy. In addition, International Sustainability Standards Board (ISSB) published International Financial Reporting Standards (IFRS) on Climate-related Disclosures in 2024. In the same year Basel Committee on Banking Supervision (BCBS) published the revised ‘Core Principles for Effective Banking Supervision’ governing the banks that integrate CRFR (and other ‘new’ risks) across four core principles.

Closer home, RBI titled its Report on Currency and Finance (2022-23) as ‘Towards a Greener Cleaner India’. However, developments listed  by its Sustainable Finance Group do not include any definitive step vis-a-vis the national ‘policyscape’. Draft Disclosure framework on Climate-related Financial Risks, released in February 2024 is only an intermediate step. Another step in this direction is the announcement of Reserve Bank - Climate Risk Information System (RB-CRIS) (data repository) in October 2024. It is expected to bridge (universally acknowledged) data related gaps for undertaking climate risk assessments. In parallel, the Department of Economic Affairs, Ministry of Finance, Government of India announced a Draft Framework of India’s Climate Finance Taxonomy in May 2025.

Arguably, the countries that are expected to be most impacted due to CRFR belong to the global South. Reasons include their geographical locations and limited administrative capabilities to adapt among others. From acquiring and managing data to fit the most suitable model and scenario to communicate and convince all the stakeholders in the banking system—all can pose a challenge.

COVERAGE: Research papers, commentaries, perspectives and review essays (as per the description on the EES website) are sought that falls within the scope as per the title. An indicating list of topics follows: 

1. Theoretical and conceptual advances in addressing the new (with unusual characteristics such as originating from outside of the system; historical trend hardly relevant; difficulty if not impossibility of ‘sampling’ models in one location for one ecosystem not relevant in another; among others) risk in the management of financial systems.
2. Metrics and indices in practice to capture CRFR: strength and weaknesses.
3. Issues related to nature-related financial risk scenarios in a given jurisdiction—scale of analysis, granularity of data, data handling applications and interpretation of results for policy purposes
4. Identifying ‘best practices’ for supervisors and the challenges thereof as impact of CRFR is context dependent making priorities differing across jurisdictions.
5. CRFR and traditional monetary policy operations and instruments: flexibilities for adaptations

However, authors may consider preparing the manuscript on matters outside of the list; but they must be within the aims and scope.

SUBMISSION STEPS:

1. Submit the first draft via email to cesp[underscore]rbi[at]jnu[dot]ac]dot]in by 31 October 2026
2. First round of review outcomes will be communicated by 30 November 2026
3. Selected authors will be invited to submit on this journal portal by December 31 2026
4. Second round of review outcomes will be communicated by January 31 2026. Selected authors will be invited to present the paper in a Conference in Jawaharlal Nehru University during March 1-3 2027 (limited travel support will be provided to presenters).
5. Post conference, selected authors will be invited to submit the revised version for publication in the journal.

GUEST EDITOR: Nandan Nawn, Executive Editor, EES and RBI Chair Professor, Centre for Economic Studies and Planning, JNU

CONTACT: cesp[underscore]rbi[at]jnu[dot]ac]dot]in

Research Paper

Research Paper (5000-8000 words): These would be contributions that address substantive research questions based on original analyses of theoretical or empirical nature (using primary and secondary data), contribute new insight(s) and provide new findings in the relevant knowledge domain areas and issues included in Aims and Scope. Must report theoretical or empirical original research.

Review Essay

Review Essay (4000-6000 words): These are unique, insightful, and exhaustive syntheses (including critiques) of knowledge that have shown significant progress in the recent past within the domains included in Aims and Scope. These submissions do not report original research and will not contain analysis of unpublished data.

Perspectives

Perspectives (2000-4000 words): These will capture unique highlights, interdisciplinary framing, and interpretation of the author(s) using an appropriate analytical lens on the existing bodies of work that are of general interest to EES readers.

Short Research Communications

Short Research Communications (upto 1000 words, single author): It will consist of unique objectives, nuanced research questions, methodologies, and preliminary results (if available), in relevant knowledge domain areas and issues included in Aims and Scope.

Insights from the Field

(Previously "Notes from the Field")

Insights from the Field (upto 1500 words; no more than two authors): These would typically encapsulate observations and insights from on-the-ground-field work/ experience. It would be a recording of learnings from the field, in an ethnographic accounts tradition, which the author(s) consider to be significant but not yet complete enough to comprise a research paper. Contributions shall be academically, analytically and methodologically rigorous. Younger researchers and practitioners are particularly encouraged to consider submitting in this section.

Reports

Reports (800-1500 words): These would be synoptic coverage of conferences, workshops, seminars, meetings, symposium, for general dissemination.

Other

This section is only for invited essays, that does not fall under the other sections

Collection

1. Collections: A collection will consist of only the following types of contributions: research papers, commentary, and review essays (‘articles’) woven around a theme (and well-connected sub-themes, if any). Word count and other attributes, and the peer review process of the articles in the collection will be same as the regular submission.

Regardless of number of articles, all inclusive total word count shall not ordinarily exceed 40,000 words. The peer-review process will take place through the journal management system as per the Editorial Policies and managed by the CE. Articles will be uploaded by the authors against a specific Section heading indicating the Collection title.

• An Editor or an Associate Editor will serve as the Collection Editor (CE). CE can serve as a Guest Editor in case the journal makes an open call inviting submissions. Editors may also assign this responsibility to someone who is not a member of Editorial Board. In such cases CE will assist the Guest Editor.
• Not more than two established academics can propose a Collection. The proposal should answer some key questions
  • (I)How the collection fits with the Aims and Scope
  • (II)How do the articles individually and collectively contribute to the existing knowledge about the field/ domain/ area/ issue in focus?
  • (III) How comprehensive is the coverage of the key intellectual issues in the field through this proposed set of articles?
  • (IV) What is the intellectual justification for bringing a set of articles together in a collection?
  • (V) How are the interdisciplinary aspects addressed by the articles and the collection?
• The proposal will consist of the following:
  • The name[s], affiliation[s] and a short bio (200 words) of the proposers who will serve as the Guest Editor[s]
  • A long abstract (1500 words) of the introductory essay, including the title of the proposed Collection [this will serve as the base for the Introduction in the final form] with a clear indication of the theme (and sub-themes, if any) around which the Collection is weaved and the justification of choosing such a theme (and sub-themes, if any).
  • Long abstracts (up to 750 words) of proposed articles, including the title; author name[s]/affiliation[s]; a short bio of each author (100 words). The same author should typically not be listed in more than one article. Guest editors cannot be authors in more than one article other than the introduction.
  • Name of the EES Editor whom the Guest Editor(s) would like as the CE.
  • Timeline in a tabular form with the following:
    • (I) Expected completion date of each article draft uploaded on the Journal portal.
    • (II) Proposed names of 3-5 peer reviewers for each article in line with the Editorial Policies and Publication Ethics and Publication Malpractice Statement of EES. CE may seek advice/ input from the Guest Editor(s) where reviews are divergent or where particular concerns arise. The Guest Editor(s) may wish to add additional refereeing criteria that will help ensure coherence among the papers as a collection.
    • (III) All papers must ideally be submitted within one year from the date of approval of the proposal. It will be the responsibility of the Guest Editor(s) to track submissions via communication with authors. Authors may be advised to log in to the portal to check the updated status, if any.
    • (IV) A declaration that (i) the selection of papers were made only and purely based on merit, and nothing else, and (ii) no charges (APC or otherwise) were or will be collected from the authors.
• General information:
  • The post-acceptance component of the publication process will follow the EES Guidelines. Language correction in case of non-English speaking authors will be taken care of by the Guest Editor(s) and will not be the responsibility of EES.
  • The Guest Editor(s) will serve as the primary authors of the Introduction to the Collection. This will be similar to the Introduction to an Edited Book, in both form and content. CE may serve as a co-author. No additional co-authors are permitted for the Introduction. The introduction will weave together the contributions of the individual articles into an accessible narrative that advances our understanding of the topic under discussion. It will also inform readers of how the papers are connected with each other (against common themes, or sub-themes, if any), be it convergence or divergence of views. This will be reviewed by one of the Editors of EES.
  • The CE will maintain the right to refer any single paper to alternative or additional peer assessment and to refuse any paper that are not recommended for publication by alternative reviewer(s). Additionally, EES reserves the right to refuse an entire Collection or (a set of) articles as submitted at any point in time during the submission and publication assigning suitable reasons for the same.

Special Section: Political Ecology

This section is closed. No new submissions are being accepted. Please submit your article under Research Papers.

Only authors whose extended abstract has been shortliested by the editors may submit to this special section.

1. All the papers will undergo a double-blind peer review.
2. Reviewers will be identified by the guest editors.
3. Copy-editing support will be provided by the journal office

Important Dates

• Submission of Extended Abstract (1000 words): 15^th January 2023
• Acceptance of abstract: 30^th January 2023
• Submission of full paper: 28^th February 2023