News

pound bank notes
News| September 15, 2022

BoE to act as energy lender of last resort

The Bank of England is to become the lender of last resort to UK energy companies facing liquidity issues, while policy makers discuss a similar role for the European Central Bank.
A hand adjusts the dial on a digital thermostat, which reads 68ºF
News| September 6, 2022

Call for BoE to offer green targeted lending

The BoE should target its credit policy to offer low cost loans to banks lending for energy efficient building retrofits and other green projects, according to a new report from a leading UK thinktank.
A hand adjusts the dial on a digital thermostat, which reads 68ºF
News| July 8, 2022

Calls grow for targeted ECB green discount rate

Faced with rising fossil fuel inflation and growing energy insecurity, civil society groups are calling on the ECB to incentivise bank lending for energy-saving housing renovations through the introduction of a green discount rate.
A large monitor showing a head and shoulders image of Christine Lagarde, with a row of video cameras
News| June 10, 2022

Lagarde seeks ECB green targeted lending

ECB president Christine Lagarde has said she hopes the central bank can introduce a green targeted lending facility, but has indicated the issue may be controversial among the governing council.
Close-up of a saucepan on a cooker hob lit with a blue gas flame
News| March 24, 2022

Energy market seeks emergency liquidity for clearing banks

Faced with huge margin calls, energy companies and traders are lobbying central banks for “emergency liquidity funding” for banks clearing energy trades, says the European Federation of Energy Traders.
A worker lifting a hollow metal pipe in a loft with insulating wool on the floor
News| March 22, 2022

BoE economist calls for green mortgage disclosure

A senior BoE economist has called for lenders to disclose the ratio of energy-efficient mortgages they hold, allowing investors and regulators to assess exposure to energy price shocks and climate-related transition risks.
A petrol pump nozzle being held in the fuel cap of a dark green car
News| March 11, 2022

No ECB support for EU efforts to reduce fossil fuel dependence

Despite inflationary pressures associated with European dependence on Russian fossil fuels, the ECB has offered no support for EU efforts to reduce imports and switch to more stable and secure renewable energy sources.
News| March 8, 2022

Ukraine: ECB governing council to meet as crisis intensifies

As inflation pressures mount and the ECB governing council prepares to meet, a discriminating approach may be the only option to reduce fossil fuel price and financial instability.
A wind turbine standing in a field of rapeseed against a blue sky
News| March 8, 2022

Ukraine: ECB to take “whatever action is needed”

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.
Wind and solar at dusk
News| March 4, 2022

Weekly roundup: Gasflation, a ‘climate Minsky moment’ and the energy of freedom

Gasflation and ‘the energy of freedom’, a ‘climate Minsky moment’, how climate denial has left the Fed’s board as a ‘ghost ship’ and more from this week in green central banking.
Christine Lagarde speaking at a microphone with various European flags in the background
News| February 16, 2022

MEPs vote overwhelmingly for greener ECB

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.

You have seen 11 of 11