For PBoC’s new green lending tool, transparency and verification are key
China’s carbon emission reduction facility must provide enough of an incentive to influence lending decisions, while also supporting prudent allocation of funds, says economist Sebastian Guo.
Investors can decarbonise with ease, says BIS paper
The researchers outline a method by which the emissions associated with an otherwise passive portfolio could be cut by 64% over a 10-year period.
2021: plenty of climate talks, but little practical progress
As the climate and ecological crises continue to accelerate, central banks have made slow progress in addressing their role as calls grow to stop the funding of the destruction of the natural world.
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 …
Bring back credit policies for green transition, say experts
Credit policies, once fashionable among central banks and finance ministries but withdrawn in the latter part of the 20th century, should be reintroduced to help with challenges such as the low-carbon transition according to a new paper.
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.
Scorecard update: G20 central banks failing on climate
A major study by Positive Money and Green Central Banking reveals that G20 central bankers and financial supervisors remain stuck in data-gathering exercises and are failing to meaningfully respond to the climate and ecological crisis.
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.
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