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Weekly roundup
Lars Peter Hansen
May 13, 2022

Weekly roundup: call for regulators to understand climate uncertainty

A Nobel laureate says supervisors must understand climate uncertainty, systemic risk buffers and climate risk, an FSB call for transparency, cooperation and a holistic perspective, and more from this week in green central banking.
Te Pūtea Matua / Reserve Bank of New Zealand, Bank of International Settlements, De Nederlandsche Bank, European Central Bank
A power cable plug into an electric car
May 9, 2022

EU urged to bolster transition plan requirements

The EU has been urged to strengthen the powers of the ECB and other supervisors to judge banks’ climate transition plans, and to ensure they stick to them. …
Bank of England, European Central Bank
Weekly roundup
A solider stands bearing a rifle in front of a partially destroyed building, where rescue workers move over the rubble.
May 6, 2022

Weekly roundup: war and climate may require higher rates, says ECB’s Schnabel

Isabel Schnabel warns of climate effect on rates, the Fed finds lower ratings for high-carbon companies, the Bank of Jamaica expands climate risk supervision and more from this week in green central banking.
Bank of Jamaica, Securities & Exchange Commission, International Sustainability Standards Board, Bank of England, European Central Bank, Federal Reserve
A graphic of a swan with a large leaf in place of a wing. Text reads '2022, 31 May-1 June, Green Swan'
May 4, 2022

BIS announces Green Swan 2022 conference

The BIS has announced the second annual Green Swan conference, bringing together high level central bankers, financial regulators and experts to discuss how the financial sector can act to mitigate climate-related risks.
Network for Greening the Financial System, Bank of International Settlements, European Central Bank, Federal Reserve, People's Bank of China
Forest wildfire at night
April 29, 2022

FSB launches climate risk consultation

The Financial Stability Board has launched a public consultation on supervisory and regulatory approaches to climate-related risks, seeking feedback on a report and recommendations.
Bank of England, European Central Bank
Coal-fired power station
April 29, 2022

Weekly roundup: ECB paper warns of carbon price risk

The ECB on carbon price risk, a new UK transition plan taskforce, calls for a precautionary approach to address radical uncertainty and more from this week in green central banking.
Network for Greening the Financial System, Central Bank of Ireland, Bank of England, Banque de France, European Central Bank
EU flags outside the European Commission offices in Brussels
April 28, 2022

ECB welcomes green capital requirements proposal

The ECB has supported EU proposals on green capital requirements and transition plans, saying it is already empowered to implement climate-related systemic risk buffers.
European Central Bank
Parallel lines of wind turbines emerging from a blue sea, seen from the air
April 26, 2022

Sweden’s Riksbank finds grounds for optimism over greenflation

The impact of so-called greenflation could be limited, or easy for monetary policy to address, according to new research from the Swedish central bank.
European Central Bank, Riksbank
An oil rig at sea
April 26, 2022

Survey shows widespread climate denial in global banks

Almost a third of respondents have encountered climate denial among financial sector decision-makers, with 93% saying they had encountered negative attitudes towards climate action.
Bank of International Settlements, European Central Bank
A man, Pierre Wunsch, standing at a lectern
April 21, 2022

ECB’s Wunsch defends controversial market neutrality concept

ECB governing council member Pierre Wunsch has defended the controversial concept of market neutrality, despite evidence of substantial carbon bias in ECB corporate bond purchases.
National Bank of Belgium, European Central Bank
A swirl of dark grey tornado clouds looms over a derelict barn
April 12, 2022

What do central bank mandates mean for climate and nature?

A consensus has emerged that central bank mandates cannot be delivered without considering the implications of climate change and nature loss.
Bank of England, Bank of Japan, European Central Bank, Federal Reserve, People's Bank of China

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