‘Fossilflation’ an opportunity to avoid disorderly transition, says NGFS
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.
BoJ releases results of climate scenario analysis
The BoJ releases climate scenario analysis results, CEBRA focuses on the green transition, how the ECB’s climate strategy increased green bond issuance, new E-axes policy briefs and more from this week in green central banking.
Jackson Hole conference highlights divide on climate and inflation
The Federal Reserve’s Jackson Hole symposium concluded on Saturday with the proceedings highlighting a deep division between the Federal Reserve and international counterparts over the impact of climate change on inflation.
Climate change has clear impact on inflation, says Lagarde
The ECB’s Lagarde on climate change and inflation, a climate warning from the NGFS chair, new disclosure rules from the Bank of Thailand, a Green Swan compilation and more from this week in green central banking.
Regulators raise alarm over crypto climate risk to banks
Banks’ increasing exposure to crypto assets with a significant carbon footprint is leaving the financial system more vulnerable to climate risks, according to a new report.
BIS to build sustainability disclosure database
A searchable climate and sustainability disclosure database from the BIS, stronger HKMA climate risk supervision, green bonds in central bank reserves and more from this week in green central banking.
Basel Committee releases climate risk principles
The influential Basel Committee on Banking Supervision have published their finalised set of principles for managing and supervising climate-related financial risks, their first explicit climate-related guidance.
Basel Committee agrees principles for climate risk management
The Basel Committee on Banking Supervision has agreed on principles for managing and supervising climate-related financial risks, providing an international baseline for banking regulators’ approach to climate change.
Weekly roundup: call for regulators to understand climate uncertainty
A Nobel laureate says supervisors must understand climate uncertainty, systemic risk buffers and climate risk, an FSB call for transparency, cooperation and a holistic perspective, and more from this week in green central banking.
BIS announces Green Swan 2022 conference
The BIS has announced the second annual Green Swan conference, bringing together high level central bankers, financial regulators and experts to discuss how the financial sector can act to mitigate climate-related risks.
Survey shows widespread climate denial in global banks
Almost a third of respondents have encountered climate denial among financial sector decision-makers, with 93% saying they had encountered negative attitudes towards climate action.
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