News

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.

The ECB has published a substantive review and analysis of climate change and monetary policy in the euro area, identifying potential problems with monetary policy transmission as a result of climate-related impacts.

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.

A new interactive tool tracking climate-related monetary and financial policies in 30 countries has been launched by the E-axes Forum, an independent research organization focusing on macroeconomic policies and sustainability. A second tool tracks emerging academic literature in climate economics …

Thousands of Fridays for Future and other activists protested in Frankfurt on Friday demanding an immediate end to the financing of fossil fuels by the ECB and commercial banks.

Civil society groups have criticised the European Central Bank’s new climate strategy for allowing continued support for fossil fuels. 

Hungary’s central bank, the Magyar Nemzeti Bank (MNB), has published a green monetary policy toolkit outlining a strategy for introducing climate objectives into its monetary policy.

Reaction and comment from civil society on the ECB’s strategy review, laying out an action plan to incorporate climate change into the bank’s monetary policy.

The plan includes incorporating climate change considerations in monetary policy, disclosure, risk assessment, collateral framework and corporate sector asset purchases.

Yannis Varoufakis, former Greek Finance Minister, argues that green central banking is not possible without challenging the flawed notion of political independence.