The proposed rules would require companies to disclose more climate-related information, such as scope emissions, risks related to climate change, and transition plans.

The currency and finance report noted that central banks have a role to play and that India needs to spend an estimated 85.6tn rupees by 2030 to adapt to climate change. …

Biden’s World Bank pick signals a potential shift on climate change for the lender, as Banga has long advocated that climate change and poverty cannot be separated. …

The Monetary Authority of Singapore and the People’s Bank of China have launched a green finance taskforce for a ‘low-carbon future’.

The Monetary Authority of Singapore added transition finance to its net-zero action plan and will expand its sustainable bond and loan grant schemes.

Debt-for-nature swaps are on the rise, as Sri Lanka and other developing countries look to debt forgiveness in exchange for protecting the environment. …

The ECB board member also said that central banks should provide market incentives to induce changes in the financial industry but that they can’t be the only institutions inciting change. …

Financial companies need to do more to integrate climate risk into their decision making process, while accounting for economic and financial headwinds, the BoE executive director said.