Weekly roundup: Climate risk weighting and Lagarde on price stability
Finance Watch’s Thierry Philipponnat on climate risk weighting in capital allocations, a new Chair of the Fed’s Financial Stability Climate Committee, Christine Lagarde on price stability, 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.
Central banks in Europe exposed to climate litigation on monetary policy
A new legal analysis commissioned by Greenpeace found that central banks in Europe, including the ECB, are exposed to potential litigation for failing to include climate criteria in their monetary policy decisions.
Climate protesters target Bundesbank over market neutrality
Bundesbank President Jens Weidmann was the target of a climate protest in Frankfurt today highlighting the consequences of his position on market neutrality. The protest took place as the European Central Bank (ECB) debated the introduction of carbon emissions into …
Bundesbank president defends high-emission ECB asset purchases
Bundesbank President Jens Weidmann came out strongly against the exclusion of high carbon companies from the European Central Bank’s (ECB’s) asset purchases at the prestigious European Banking Congress, held in Frankfurt last month. “I am very critical of suggestions that …
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