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. …
The report finds that the US central bank has still taken no action at all to consider climate change when conducting monetary policy.
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.
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.
A new paper argues that financial authorities should deploy incentives and targets to align financial flows with governments’ decarbonisation plans.
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.
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