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.
Also disclosure recommendations from the Bank of Russia and questions over the appointment of a new Fed chair.
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 …
Debt relief for a green and inclusive recovery, China-EU green taxonomy, BIS deputy on green swans and more.
The Bank of Japan announced targeted refinancing operations to support the transition to a carbon neutral economy, the first major central bank to do so.
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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