A zero-interest lending programme launched by the Bank of Japan aims to boost low-carbon projects such as geothermal and solar energy. But it faces disclosure and mandatory requirement challenges, says Sayuri Shirai of Keio University.
Regulators should be mindful of the limitations of the European Central Bank’s climate stress test and beware of a too-big-to-fail scenario once climate risks start materialising, argues Julia Symon of Finance Watch.
How can risk-weighted assessments be designed to include climate and environmental factors? Economists Lorenzo Esposito, Giuseppe Mastromatteo and Andrea Molocchi propose 10 principles for effective green prudential regulation.
When HSBC’s responsible investment head asked who cares if Miami is underwater in 100 years, he revealed what global banks really think about the climate crisis, argues Lukasz Krebel of the New Economics Foundation.
The high-level principle-based approach adopted by the Basel Committee fails to take into account the specific features of climate-related financial risks, argues Julia Symon of Finance Watch.
| 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) |
|---|---|---|---|---|---|---|---|
| 19= |
 Argentina |
0 | F | 0 | 0 | 0 | 0 |
| 1 |
 France |
52 | C | 10 | 8 | 26 | 8 |
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