As extreme weather worsens, central banks must use their monetary and regulatory tools to actively accelerate the region’s decarbonisation and build resilience to climate risks.
South Korea’s central bank continues to favour high-emission assets, which make up over half of the bonds pledged as collateral, according to a new study.
The move sends a strong signal to EU banks that loans with higher climate-transition risk are worth less.
Flexible rules helped scale lending past US$130bn, but explicit exclusions and transition tests are needed to avoid refinancing misaligned activities.
The European Central Bank’s new climate factor is a welcome step forward, but could fall short if flaws aren’t addressed, says central bank expert Clarisse Murphy
ECB president Christine Lagarde sees Middle East war and oil shock accelerating green transition …
The central bank will apply haircuts to bonds from companies exposed to the net zero transition
Also in this week’s roundup, the BoE faces criticism for climate inaction and UN releases strategy for BRICS to lead on climate finance alternatives.
The ECB announced it will consider climate risk in how it assesses the value of assets used by banks in its collateral framework. …
An analysis of the European Central Bank’s collateral pool found indirect support for fossil fuel companies even as the bank commits to green policies. …
Risks like biodiversity loss should be incorporated into the ECB’s collateral framework, a new report argues.
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