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News| August 29, 2023

Climate change receives little attention at Jackson Hole Fed summit

Other than a mention by ECB president Christine Lagarde, climate change was not on the agenda at this year’s Jackson Hole summit. …
News| May 23, 2023

Republican senators demand Fed curbs ‘climate activism’

Republican senators condemn the Federal Reserve’s climate stress tests as politically motivated, demanding that chairman Jerome Powell “reign in the Fed’s regional banks”.
Opinion
News| May 18, 2023

Fed urges caution in wake of Silicon Valley collapse, so what about climate?

In the wake of the Silicon Valley Bank collapse, the Fed has said a precautionary approach towards risk is needed. Will this be applied to climate-related risk, ask Anne Perrault and David Arkush of Public Citizen.

Research

How Green Is the Fed?

March, 2021

This briefing assesses the Federal Reserves’s poor performance in adapting its operations to the accelerating climate emergency.

Written by Public Citizen

How Regional Federal Reserve Banks Can Contend with Economic Risk from Climate Change

June, 2022

This study reviews 40 years of ‘Beige Book’ reporting from the 12 regional US Federal Reserve banks, focusing on their response to climate-related events and offering recommendations to address the growing climate threat to US financial and price stability.

Written by Natural Resources Defense Council

Why the Fed and ECB Parted Ways on Climate Change

August, 2023

The Politics of Divergence in the Global Central Banking Community

According to this study, a supportive domestic environment enabled the European Central Bank to emerge as a leader in climate policy, while the Federal Reserve lags behind.

Written by The Hutchins Center on Fiscal and Monetary Policy

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