BSP taps space agency for climate-risk monitoring

BSP taps space agency for climate-risk monitoring

THE Bangko Sentral ng Pilipinas (BSP) said it entered into a partnership with the Philippine Space Agency (PhilSA) to use satellite technology in identifying the economic impact of climate and environmental risks. In a statement on Thursday, the central bank said its memorandum of agreement (MoA) with the PhilSA serves to advance financial stability, sustainability and resilience. “The MoA reflects how we view resilience-building in the financia…