Governor Yi Gang claims the PBoC’s green finance facility has led to large emissions reductions, although others say third-party audits are needed to gauge the true impact.
European Banking Authority highlights ESG to banks, a study finds Paris target will require stranded assets, war and the reality of a disorderly transition, and more from this week in green central banking.
China’s green finance pilot zones are a unique experiment in tailoring monetary policies to diffierent social, economic and environmental situations, explains Mengwei Sha of the Beijing Institute of Finance and Sustainability.
Coverage of the first day of the 2022 Green Swan Conference featuring NGFS chair Ravi Menon, former PBoC governor Zhou Xiaochuan, former US vice president Al Gore and a high-level panel discussion on adapting central bank operations to a hotter …
Mainstreaming disclosure is an essential step towards aligning China’s financial system with sustainability but is far from sufficient to guarantee a sustainable financial future, says Cheng Lin of the Beijing Institute of Finance and Sustainability.
The green lending facility established by the People’s Bank of China in 2021 looks set to support significant emissions cuts, and experts think it could provide a model for central banks elsewhere.
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.
A consensus has emerged that central bank mandates cannot be delivered without considering the implications of climate change and nature loss.
BdF releases a working paper on alternatives to perfect data, Indian banks are exposed to climate risks, the Fed announces a conference on climate change and macroeconomics, and more from this week in green central banking.
Gasflation and ‘the energy of freedom’, a ‘climate Minsky moment’, how climate denial has left the Fed’s board as a ‘ghost ship’ and more from this week in green central banking.
A climate risk stress test of major Chinese banks has shown a growing risk of defaults on loans to high-carbon sectors faced with rising emissions costs, as well as the potential for stranded assets.
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