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A branch of McDonlands submerged beneath brown floodwaters
November 9, 2022

RBA should be given climate mandate, says thinktank

Australia’s central bank should be given an expanded role in delivering an orderly climate transition, according to a policy thinktank.
Reserve Bank of Australia
A glacier meanders down the bare-rock slopes of the snow-capped Alps
November 7, 2022

Swiss government accused of downplaying SNB’s climate responsibilities

The Swiss Federal Council has adopted a report saying the SNB has a limited role in supporting environmental action, drawing criticism from civil society groups.
Swiss National Bank
Weekly roundup
Worker installing solar panels
October 31, 2022

New York Fed report recommends lower rates for energy efficiency

The New York Fed on funding energy efficiency renovations, the BdF’s deputy governor on tipping points and transformative change, a prototype BIS green bond platform, and more from this week in green central banking.
Bank of International Settlements, Bank of Finland, Banque de France, Federal Reserve
Weekly roundup
Ravi Menon speaking at a conference lecturn
October 25, 2022

NGFS chair calls climate change ‘the mother of all supply-side shocks’

The NGFS chair on climate change supply shocks, the ECB’s Frank Elderson on the biodiversity risks threatening financial markets, an ISSB requirement for scope 3 emissions disclosure and more from this week in green central banking.
International Sustainability Standards Board, Network for Greening the Financial System, Monetary Authority of Singapore, Bank of England, European Central Bank
An expanse of tropical forest, cleared in the foreground creating an angular treeline
September 30, 2022

QE-funded deforestation linked to financial instability

Two new studies have found that deforestation could create a loss in value as great as the 2008 financial crash, and that central banks have purchased debt from issuers linked to forest loss.
Bank of England, European Central Bank, Federal Reserve
Weekly roundup
Two young people carry large electrical equipment as they wade through floodwaters in Mozambique
September 20, 2022

Africa losing up to 15% of GDP growth due to climate change

Africa losing up to 15% of GDP growth to climate change, drought contributing to global food price inflation, Bundesbank calls for urgent transition and more from this week in green central banking.
African Development Bank, World Bank, International Monetary Fund, Bundesbank, De Nederlandsche Bank
Weekly roundup
An aerial view of trees and low buildings surrounded by floodwater in New Orleans
September 13, 2022

Costs of extreme weather increasing, warns White House

A White House warning on the rising costs of extreme weather, the Fed plans a scenario analysis exercise, a discussion of targeted monetary policy and regulation, and more from this week in green central banking.
Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, Banque de France, Federal Reserve
Weekly roundup
A grid of solar panels seen from above, with strips of green plants running underneath
July 8, 2022

BIS to build sustainability disclosure database

A searchable climate and sustainability disclosure database from the BIS, stronger HKMA climate risk supervision, green bonds in central bank reserves and more from this week in green central banking.
Network for Greening the Financial System, Hong Kong Monetary Authority, Bank of International Settlements, Bank of England, Banque de France, European Central Bank
Klaas Knot speaking at a conference podium
June 1, 2022

Live – Green Swan 2022: what’s next for central banks?

The second day of Green Swan 2022 featuring a keynote speech from FSB chair Klaas Knot, the BoE’s Sarah Breeden, and a high-level panel discussion with ECB governor Christine Lagarde and PBoC governor Yi Gang.
Financial Stability Board
Al Gore speaking at a conference
May 31, 2022

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 …
Network for Greening the Financial System, Banco Central do Brasil, Bank of England, Bank of Japan, Banque de France, European Central Bank, People's Bank of China
A man walks past a row of banners, reading 'Decarbonize the national bank!'
May 30, 2022

Zurich regional government joins growing calls for SNB climate action

The Swiss National Bank has come under further pressure to take climate action after one of its largest shareholders passed a motion calling on the bank to align its policies with the Paris Agreement. …
Swiss National Bank

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