The collapse of the tech start-up bank has exposed cracks in the system which will only widen as the climate crisis unfolds, says Yevgeny Shrago of Public Citizen.

New data shows that central banks and financial regulators are failing to address the risks posed by damage to the natural world. This can – and must – change, says WWF’s policy expert Maud Abdelli.

MEPs have adopted a resolution allowing the ECB to align its policies with EU objectives in addition to price stability. This is a golden opportunity to green monetary policy, says Adua Dalla Costa of Positive Money.

Countries in Asia Pacific region can use micro and macroprudential policies to build resiliance to the effects of the climate crisis, according to policy experts from WWF. …

Rising interest rates threaten to stifle the move to a greener economy but targeted lending would allow the ECB to avoid this problem, say policy experts Paul Schreiber and Lukasz Krebel.

Countries in the Asia Pacific region are highly vulnerable to climate change and central banks must do more to mitigate the physical and transition risks, say policy experts from WWF.

Governments could face huge bailout bills and job losses in the event of a crash in the fossil-fuel market, according to climate advocates.

Voluntary, market-led initiatives to shift the global economy towards net zero are not working and tighter regulation is needed instead, says economist Josh Ryan-Collins.

Cop27 saw agreements on loss and damage but little progress on reducing emissions so central banks may need to reconsider climate scenarios, says Jeremy McDaniels of the Institute of International Finance.

Many central banks now recognise they have a role to play in addressing the climate crisis. But so far concerns have not been followed by concerted action, says Nikki Eames of Positive Money UK. …

The macroprudential toolbox is already equipped to handle systemic risk and can be adjusted to deal with risks stemming from the climate crisis, says Pierre Monnin from the Council on Economic Policies.