Gold Is a Key Central Bank Reserve Asset: How Is Climate Change Affecting It?
Nieuws
25-09-2025
David Marczis
Negative social and economic consequences of climate change may increase the demand for safe-haven assets, such as gold. As it plays a fundamental role in central bank reserves globally, its environmental impacts and climate risks should also be understood.
Gold has several functions: from being widely used in jewelry for thousands of years, to being an important component in modern industry. In addition, it serves as a store of value and is thus an investment asset (Figure 1). According to current estimates, approximately 216,265 tonnes of gold have been mined over the course of history, and about two-thirds of that has been extracted since 1950. Unmined underground reserves are estimated at 54,770 tonnes.
Figure 1: Distribution of the Stock of Gold (As at End of 2024)
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