The Bank of Japan has made the first auction in a new scheme providing zero-interest loans to financial institutions that are supporting action to address climate change.
Biodiversity-related disclosures, Kuroda on climate finance, mindset shifts and humility, a new Bundesbank president and more in this week’s roundup of the news in green central banking.
The climate crisis and global stagflation, gender diversity’s effect on emissions, TNFD developments, the Bank of Japan’s green lending facility and more from this week in green central banking.
Credit policies, once fashionable among central banks and finance ministries but withdrawn in the latter part of the 20th century, should be reintroduced to help with challenges such as the low-carbon transition according to a new paper.
The recent FSOC report on climate-related financial risk shows the gap between diagnosing the problem and acting to address it is significant, says Alexander Barkawi.
The Bank of Japan is among a growing number of central banks which are deploying interventionist policies to align bank lending with the low-carbon transition, rather than relying solely on disclosures to effect market discipline.
Climate change is likely to be central to next week’s ECB Forum on Central Banking. The online conference, normally held in Sintra, Portugal, will focus on the future of monetary policy and includes a panel on Climate Policies and Monetary …
Brazil’s banks told to begin climate stress tests, adverse weather a factor in Mexico monetary policy and more from this week in green central banking.
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.
The People’s Bank of China (PBOC) will offer banks low-cost funding to provide discounted loans to companies with “significant impacts on emission reduction”, according to minutes of a July 31st meeting. The move makes the Chinese central bank the second …
Bank of Japan governor Haruhiko Kuroda has questioned the controversial principle of market neutrality in a speech outlining the bank’s climate strategy. “I think market neutrality needs to be interpreted with some latitude,” he told the Japan National Press Club.
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