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.
Protestors demand end to SNB fossil fuel funding
A crowd of 1,500 climate activists gathered outside the Swiss National Bank (SNB) on Friday to demand an immediate end to the central bank’s support for fossil fuel companies and activities. The portfolios of the SNB and the Swiss banking …
Police arrest climate activists protesting Swiss banks
Zurich police detained climate activists from outside the Credit Suisse headquarters and several UBS bank buildings yesterday following a seven hour protest of the climate-damaging investments of Swiss financial institutions. Around 70 activists were taken into custody, said organising group …
Weekly roundup: ECB Strategy Review, Basel Bitcoin proposal, and the Fed’s Daly on climate risk
ECB general agreement on a climate roadmap, SNB’s “moderate” climate-related risk, and the BIS Bitcoin proposal as a model for fossil fuels, and more.
Federal Reserve needs to step up to the plate on climate change
Global Economist Megan Greene’s opinion piece on what central banks need to do to tackle climate change, and how the Fed lags behind its global peers.
Swiss National Bank targeted by climate groups
Climate activists dressed as waiters and served glasses of oil outside the headquarters of the Swiss National Bank (SNB) this morning in protest of the central bank’s financial support for emission-intensive activities fuelling the climate crisis. In a press release …
Swiss National Bank drops coal mining from currency reserves
The Swiss National Bank (SNB) will exclude coal mining companies from its foreign currency reserves, SNB Governor Thomas Jordan announced at a news conference on December 17, 2020. “In Switzerland, a broad consensus has formed in recent years in favour …
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