BoJ showcases climate loans scheme at TCFD summit
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 central to upcoming ECB Forum on Central Banking
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 …
Weekly roundup: BoJ to begin climate loans scheme and Biden picks climate-friendly regulator
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.
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.
PBOC plans green credit facility
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 …
BoJ’s Kuroda questions market neutrality
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.
Weekly roundup: New training alliance and BOJ Climate Strategy
Central Banks’ and Supervisors’ Climate Training Alliance Launched last Friday, the new Climate Training Alliance (CTA) is a global initiative to establish a dedicated online portal for training on climate risks for central banks and financial supervisors. Collaborators in the …
Weekly roundup: ECB’s climate strategy & illegal gold mining in Malawi
Climate risk regulation in Israel, illegal gold mining in Malawi, new BOJ climate lending facility, Schnabel calls for market efficiency over neutrality, Eurozone banks fail ECB climate risk expectations, and more.
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