Two new studies have found that deforestation could create a loss in value as great as the 2008 financial crash, and that central banks have purchased debt from issuers linked to forest loss.

The BIS on sovereign green bonds, the ECB on climate fiscal policies, a conference on greening monetary policy in times of soaring inflation and more from this week in green central banking.

Inflation associated with fossil fuel dependency and changing weather patterns requires ECB action if it is to fulfill its mandate, finds a new report.

Novelist Kim Stanley Robinson explains why he put central banks at the centre of a near-future novel about climate change, and how rethinking the global financial system is a vital step in tackling the environmental crisis.

Africa losing up to 15% of GDP growth to climate change, drought contributing to global food price inflation, Bundesbank calls for urgent transition and more from this week in green central banking.

The ECB will soon introduce climate change considerations into its corporate bond purchases, favouring issuers according to past performance, future targets and quality of disclosures.

The Bank of England is to become the lender of last resort to UK energy companies facing liquidity issues, while policy makers discuss a similar role for the European Central Bank.

A new NGFS paper has argued that increased fossil energy prices is acting as an involuntary price on carbon, offering a “narrow but unique opportunity” to accelerate the transition to net zero.

A White House warning on the rising costs of extreme weather, the Fed plans a scenario analysis exercise, a discussion of targeted monetary policy and regulation, and more from this week in green central banking.

As the ECB moves to decarbonise its corporate bond portfolio, 12 leading research and advocacy groups have issued a list of four key criteria they say are crucial to the robustness and credibility of the exercise.

Proposals to elevate competitiveness ahead of climate change as new objectives for UK financial regulators have been widely criticised by civil society groups.