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.
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.
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.
The People’s Bank of China has said it will guide financial institutions to step up lending to green sectors as part of its response to declining growth rates in the country.
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 …
Credit policies, once fashionable among central banks and finance ministries but withdrawn in the latter part of the 20th century, should be reintroduced to help with challenges such as the low-carbon transition according to a new paper.
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.
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.
Climate advocates have expressed their frustration with what they see as an unnecessary and unacceptable delay.
In a move seemingly at odds with a climate-friendly agenda that has won praise from international experts, China’s banking regulator ordered banks to continue lending to domestic coal mines and power plants.
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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