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.
Inflation associated with fossil fuel dependency and changing weather patterns requires ECB action if it is to fulfill its mandate, finds a new report.
A coalition of international NGOs and senior academics have issued a powerful call to action, demanding that central banks use all available tools to address climate change and biodiversity loss.
A top ECB official has confirmed the central bank is still considering implementing a targeted green lending operation, despite omitting the policy from a recent update on its plans.
The ECB has revealed plans to limit the share of high-carbon assets it will accept as collateral against its lending to banks.
As the economic effects of Russia’s invasion of Ukraine reverberate across Europe, the European Central Bank has said that it is ready to take “whatever action is needed” to ensure price and financial stability.
A new report shows how the ECB and national central banks can integrate climate and environmental criteria into the Eurosystem’s collateral framework and protect pledged assets from associated risks while fulfilling its secondary mandate.
The European Parliament’s annual report on ECB monetary policy has called on the central bank to increase its environmental ambition and go beyond the actions outlined in its 2021 climate action plan.
The US Senate banking committee chair on Fed confirmations, climate risks to asset backed securities, the huge carbon footprint of bitcoin transactions and other news from this week in green central banking.
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.
Residential mortgages pose a climate risk to US financial stability, Canadian and Australian regulators to expand disclosure expectations, a new FSB financial stability surveillance framework, and more from this week in green central banking.
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