Financial firms need to do more to price and manage climate risks, BoE says
Bank of England tightens climate expectations, EU launches carbon border tax, Hong Kong considers nature taxonomy, and BIS flags risk of water scarcity.
Ex-employees claim Bank of England is neglecting climate risk, leaving financial sector unprepared in the face of increased extreme weather.
Bank of England officials see climate change through the lens of risk and financial stability, according to this report.
This report shows how the BoE’s pandemic Corporate Bond Purchase Scheme is heavily biased towards carbon-intensive sectors.
This paper examines the Bank of England’s plans to implement its new environmental mandate by greening its corporate bond purchases, and warns that the impact will be limited.
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