In a new report, Positive Money US argues that fossil fuels are a major driver of price instability and provides policy recommendations.
Advocates from Campax protested in front of the Swiss National Bank to demand an end to its investments in fossil fuel companies.
UK energy firms using a new BoE emergency financing facility will need to reveal the status of their net-zero plans and provide full climate-related financial disclosures.
Proposals to elevate competitiveness ahead of climate change as new objectives for UK financial regulators have been widely criticised by civil society groups.
US Securities and Exchange Commission proposals for mandatory climate-related financial disclosures have met strong opposition from the American banking industry, contrasting starkly with the support the draft rules have received from investors.
A group of leading ECB figures have argued that demonstrated market flaws surrounding emissions and climate change require corrective action to fulfil the central bank’s mandate of “favouring an efficient allocation of resources”.
A Nobel laureate says supervisors must understand climate uncertainty, systemic risk buffers and climate risk, an FSB call for transparency, cooperation and a holistic perspective, and more from this week in green central banking.
Isabel Schnabel warns of climate effect on rates, the Fed finds lower ratings for high-carbon companies, the Bank of Jamaica expands climate risk supervision and more from this week in green central banking.
The ECB has supported EU proposals on green capital requirements and transition plans, saying it is already empowered to implement climate-related systemic risk buffers.
New legislation before the Canadian parliament would introduce capital adequacy rules for fossil fuel lending and require the Bank of Canada to align its activities with the country’s climate commitments.
A climate risk stress test of major Chinese banks has shown a growing risk of defaults on loans to high-carbon sectors faced with rising emissions costs, as well as the potential for stranded assets.
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