Speaking at a US Chamber of Commerce event, SEC Chair Gary Gensler defended the commission’s proposed climate reporting rules, saying they would “benefit capital markets” but made no indication of when the rules would be finalised. …
Climate financial models don’t match up with what the science says, which is why it’s time for a dialogue around climate science and finance, says Joel Benjamin from Carbon Tracker. …
The TNFD framework has been mired in secrecy and is not the breakthrough corporations would have you believe, argues Shona Hawkes from the Rainforest Action Network.
If we want long-term price stability, we need to implement green credit polices, argues Sneha Yadav.
The president of European Central Bank has spoken of the need for an orderly transition to net zero, although all is not smooth in these uncharted waters, says Peter McKillop of Climate and Capital Media.
Banks are performing a sleight of hand, says Adele Shraiman of the Sierra Club – they distract with half-finished net-zero plans while funneling money to fossil fuel companies via capital markets.
| Rank | Country | Aggregate Score (out of 130) | Grade (A+ to F) | Research and Advocacy (out of 10) | Monetary Policy (out of 50) | Financial Policy (out of 50) | Leading by Example (out of 20) |
|---|---|---|---|---|---|---|---|
| 20 |
 Saudi Arabia |
0 | F | 0 | 0 | 0 | 0 |
| 19 |
 Argentina |
6 | F | 6 | 0 | 0 | 0 |
This paper reviews monetary and macroprudential tools, such as targeted green refinancing, that the ECB can use to speed up the green transition while maintaining price stability.
Widespread inaccuracies in flood risk mapping may result in inadequate insurance coverage with banks less likely to lend into areas with inaccurate maps, say economists.
The OECD has launched a methodological supervisory framework to help central banks assess how nature and biodiversity-related risks affect the financial system.
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