News

A man loading a crate of black grapes onto a stack of other crates in a vineyard
October 28, 2022

Italian GDP could fall by 9.5% by 2100 due to climate change

A major research project by the Bank of Italy finds that rising temperatures will impact agriculture, tourism and real estate.
Bank of Italy
Weekly roundup
Large ocean waves crashing against a row of houses
March 25, 2022

Weekly roundup: BdF on data gaps and Fed announces climate conference

BdF releases a working paper on alternatives to perfect data, Indian banks are exposed to climate risks, the Fed announces a conference on climate change and macroeconomics, and more from this week in green central banking.
Bank of Italy, Reserve Bank of India, Banque de France, Federal Reserve, People's Bank of China
Yellowstone NP wildfire
February 11, 2022

Weekly roundup: BoE climate stress tests and Bank of Russia climate conference

The inflation threat from a disorderly transition, Bank of England bank stress tests, a new Bank of Italy climate hub, a Bank of Russia climate conference and more from this week in green central banking.
Bank of Italy, Bank of Russia, Bank of England, Bank of Japan, Banque de France
Ravi Menon speaking at a conference lecturn
January 17, 2022

New leadership team appointed at NGFS

The NGFS has appointed MAS managing director Ravi Menon as its new chair and Bundesbank executive board member Sabine Mauderer as vice chair, while adding Banca d’Italia and Banco Central do Brasil to its steering committee.
Network for Greening the Financial System, Bank of Italy, Banco Central do Brasil
Orangutan in Tanjung Puting, Borneo, Indonesia
November 2, 2021

Cop26: central banks have overlooked nature risks says Elderson

NGFS chair and ECB board member Frank Elderson explained that while policymakers have made substantial progress in developing climate-related tools, nature risks have not yet received the same attention.
Bank of Italy, Banque de France, Bundesbank, European Central Bank
Banca d’Italia, Milan
October 20, 2021

Central banks discuss macrofinancial impacts of climate change

A joint Bank of Italy and Bank of England research conference on the macrofinancial impacts of climate change has concluded with a call by BoI governor Ignazio Visco for international collaboration in the runup to Cop26.
Bank of Italy, Bank of England, European Central Bank
NASA visualisation of climate change
September 10, 2021

Weekly roundup: ‘Green Flamingos’ and Danmarks Nationalbank on climate price stability

Danish central bank on climate and price stability, new EU climate reporting standards, the ‘Green Flamingo’ of emerging markets and how Latin American central banks failing on climate change. This and more from this week in green central banking…
Bank of Thailand, Bank of Italy, Bank of International Settlements, Danmarks Nationalbank, Bank Negara Malaysia, Banco Central do Brasil, Bank of England, Banque de France, De Nederlandsche Bank, European Central Bank, Federal Reserve
Jackson Hole climate
August 24, 2021

Report finds central banks failing on climate action

A study assessing twelve of the world’s largest central banks against ten climate-related policy criteria has found all failing to align their lending, asset purchases and regulatory activities with the Paris Agreement target.
Bank of Italy, Bank of Russia, Reserve Bank of India, Bank of Canada, Bank of England, Bank of Japan, Banque de France, Bundesbank, European Central Bank, Federal Reserve, People's Bank of China, Swiss National Bank
Flooding
July 30, 2021

Weekly roundup: Coming US disclosure rules and a new UNFCCC finance pathway

In green central banking this week: mandatory US climate disclosure rules by year end, Banxico’s Governor on climate risk, a new global green finance pathway from the UNFCCC, a plea for empathy for central bankers and more…
Central Bank of Egypt, Bank of Italy, Banco de Mexico, European Central Bank

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