Weekly roundup: Hong Kong stress test and Malaysia climate requirements
A climate risk stress test of Hong Kong banks, new regulations for Malaysian banks, a review of research on monetary policy and climate risk and more from this week in green central banking.
2021: plenty of climate talks, but little practical progress
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.
Weekly roundup: biodiversity, climate finance and a new Bundesbank president
Biodiversity-related disclosures, Kuroda on climate finance, mindset shifts and humility, a new Bundesbank president and more in this week’s roundup of the news in green central banking.
Scorecard update: G20 central banks failing on climate
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.
Weekly roundup: Climate risk weighting and Lagarde on price stability
Finance Watch’s Thierry Philipponnat on climate risk weighting in capital allocations, a new Chair of the Fed’s Financial Stability Climate Committee, Christine Lagarde on price stability, and more from this week in green central banking.
Weekly roundup: ‘Green Flamingos’ and Danmarks Nationalbank on climate price stability
Danish central bank on climate and price stability, new EU climate reporting standards, the ‘Green Flamingo’ of emerging markets and how Latin American central banks failing on climate change. This and more from this week in green central banking…
Weekly roundup: Fed politics and XR target BoE
The ECB’s Isabel Schnabel on climate, a new green strategy from Bank of Thailand, the Fed and US climate politics and Extinction Rebellion rallies outside Bank of England in a “blood money march” calling for an immediate end to all …
BIS and HKMA to build prototype green bond platform
The Bank of International Settlements (BIS) and the Hong Kong Monetary Authority (HKMA) will jointly develop a blockchain-based prototype platform to issue and distribute retail green bonds and to report on their environmental impacts.
PBOC outlines approach to greening monetary policy
The People’s Bank of China (PBOC) has outlined its approach to greening monetary policy in a quarterly implementation report from the central bank’s Monetary Policy Analysis Group, released on Monday. The design of “carbon emission reduction policy support tools” will …
PBOC plans green credit facility
The People’s Bank of China (PBOC) will offer banks low-cost funding to provide discounted loans to companies with “significant impacts on emission reduction”, according to minutes of a July 31st meeting. The move makes the Chinese central bank the second …
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 …
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