Weekly roundup: climate change, stagflation and gender diversity
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.
Sustainable investment policies of G20 central banks found lacking
A new study reveals that the responsible investment policies of most G20 central banks are either non-existent, opaque or failing to consider environmental impacts.
Weekly roundup: climate change, risk and price stability
ECB economists find evidence of climatic effects on price stability, US regulators begin to face climate risk, Biden’s nomination for Fed chair and more from this week in green central banking.
ECB stability review warns of financial greenwash
The ECB’s latest financial stability review expresses concern at financial greenwash, calling for enhanced standards and a stronger regulator framework to ensure the long term resilience of the European financial system.
PBoC launches targeted green lending
The PBoC has launched a targeted green lending programme to offer low interest loans to financial institutions that help firms cut carbon emissions. The carbon emission reduction facility will cover 60% of eligible loan principals at a one-year lending rate …
Cop26: central banks make further climate commitments
A week dominated by Cop26 began with international climate protests focusing on central banks and ended with commitments from around the world to integrate climate considerations into monetary and financial decision-making.
Cop26: NGFS’s declaration of action and low-cost funds from PBoC
NGFS chair Frank Elderson announces further work on monetary policy analysis, PBoC’s Yi Gang reveals new monetary policy analysis, plus more from the Cop26 finance day.
Cop26: Sunak touts mandatory transition plans for UK firms
UK chancellor Rishi Sunak says most big firms will be required to publish net-zero transition plans, but experts warn that robust regulation is also required to ensure the plans are credible.
Cop26: central banks have overlooked nature risks says Elderson
NGFS chair and ECB board member Frank Elderson explained that while policymakers have made substantial progress in developing climate-related tools, nature risks have not yet received the same attention.
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