The Central Bank of Montenegro has opened a competition for its “2025 Central Bank of Montenegro Green Award” for the best paper examining how climate change affects the financial system. The award is positioned as an initiative to encourage research and raise awareness of climate-related challenges for financial stability. The prize, presented to mark Ecological State of Montenegro Day on 20 September, consists of a plaque and EUR 3,000. Eligible participants are Montenegrin citizens with at least a level VI university degree (180 ECTS) obtained in Montenegro or abroad. Papers are expected to demonstrate innovation and a theoretical and empirical contribution to best practices for central banks, financial regulators and supervisors, international organisations, and financial institutions in addressing climate change risks and their implications for financial system stability; submissions must be unpublished and not under consideration elsewhere. The submission deadline is 15 August 2025. The announcement also references the Financial Stability Council’s Financial Sector Roadmap towards Sustainable Finance, intended to align Montenegro’s financial system with European and global sustainable development standards and ESG principles.
Central Bank of Montenegro 2025-05-23
Central Bank of Montenegro launches competition for 2025 Green Award on climate change impacts on the financial system
The Central Bank of Montenegro has launched the "2025 Central Bank of Montenegro Green Award" for the best paper on climate change's impact on the financial system, offering a EUR 3,000 prize. The initiative aims to foster research and awareness of climate-related financial stability challenges. The award aligns with the Financial Stability Council’s roadmap to integrate Montenegro’s financial system with global sustainable finance standards.