Published on 19 Mar 2025
• Central banks like the European Central Bank and the Bank of Spain have launched Project Gaia, leveraging artificial intelligence (AI) to assess climate-related financial risks.
• This groundbreaking initiative tackles the absence of consistent reporting standards by scrutinising corporate carbon emissions, green bonds, and disclosures of net-zero commitments.
• The goal is to democratise climate risk analysis, potentially making Gaia accessible to the public as an online tool.
• Project Gaia is developed by the Bank for International Settlements (BIS).
Project GAIA
Artificial Intelligence
climate finance
Climate change
Global warming
Carbon Market