Green central banking goes mainstream, but words aren’t yet matched by actions
Many central banks now recognise they have a role to play in addressing the climate crisis. But so far concerns have not been followed by concerted action, says Nikki Eames of Positive Money UK. …
Federal Reserve still performs poorly in Green Central Banking Scorecard
The report finds that the US central bank has still taken no action at all to consider climate change when conducting monetary policy.
Eurosystem tops latest Green Central Banking Scorecard
Work to green the ECB’s monetary policy has put Eurosystem central banks at the top of the 2022 Green Central Banking Scorecard as China, the Us, Brazil and India all fall in the rankings.
Climate change has clear impact on inflation, says Lagarde
The ECB’s Lagarde on climate change and inflation, a climate warning from the NGFS chair, new disclosure rules from the Bank of Thailand, a Green Swan compilation and more from this week in green central banking.
EBA chair calls ESG risk a ‘clear and present danger’
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.
Uncovering China’s green finance pilot zones
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.
Live – Green Swan 2022: monetary policy and climate change
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 …
Enhancing disclosure to scale up sustainable finance in China and beyond
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.
PBoC climate lending facility could produce significant emissions cuts
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.
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