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A Canadian flag blows in the wind, partly obscuring the tower of the parliament building in Ottawa
News| May 30, 2023

Canadian MPs back proposal to align finance with Paris goals

Federal legislators support a proposal to establish climate-focused regulations that will align Canada’s financial system with the Paris Agreement.
A man is reaching up into the branches of an olive tree, the trunk of which is out of focus in the foreground.
News| May 24, 2023

Europe experiences climateflation as prolonged drought inflates prices

Repeated droughts and the highest inflation rates of the 21st-century increase concerns about climateflation. …
Opinion
The Silicon Valley Bank logo on a glass wall, behind which a person is standing in an office space.
News| May 18, 2023

Fed urges caution in wake of Silicon Valley collapse, so what about climate?

In the wake of the Silicon Valley Bank collapse, the Fed has said a precautionary approach towards risk is needed. Will this be applied to climate-related risk, ask Anne Perrault and David Arkush of Public Citizen.
A flooded street, the waters reaching nearly to the top of a street sign
News| April 28, 2023

Report: banks continue to finance fossil fuels, despite net-zero promises

A new report shows that the world’s 60 largest banks provided US$673bn in fossil fuel finance in 2022, undermining net-zero pledges and emphasising the urgent need for greater banking regulation.
The European Parliament building in Brussels with flags of member states in the foreground
News| January 25, 2023

EU lawmakers opt against one-for-one climate capital requirements

EU lawmakers have opted against supporting a one-for-one capital rule for lending to new fossil fuel projects, despite backing a similar measure for crypto assets.
Skyscrapers reflected in a reflective wall which bears the logo of Wells Fargo
News| January 18, 2023

Fed releases pilot climate scenario analysis details

The Fed has released the scenarios that the largest US banks will have to consider to determine their resilience to climate change.
Flags outside the New York Stock Exchange
News| December 6, 2022

Fed publishes draft climate principles for banks

Following other financial regulators, the Federal Reserve has released draft principles to guide large US banks in managing their climate-related financial risks.
Weekly roundup
News| December 5, 2022

Drought poses increasing risk for Brazil’s financial system

A growing drought risk to Brazil’s financial stability, a climate skills deficit among central bankers, a new initiative on data gaps and more from this week in green central banking.
Aerial view of three tall power station chimneys, emitting smoke or steam
News| November 28, 2022

Only half of climate disclosures useful, review finds

A review of climate-related financial disclosures has found that all lack decision-useful data across the TCFD recommendations and none are aligned with Paris Agreement targets.
Opinion
A person looks down from a balcony at the flooded street below. The upper halves of two cars emerge from the light brown water
News| November 24, 2022

Green central banking goes mainstream, but words aren’t yet matched by actions

Many central banks now recognise they have a role to play in addressing the climate crisis. But so far concerns have not been followed by concerted action, says Nikki Eames of Positive Money UK. …
A person uses a long-handled tool to clean a large solar panel in a srubby desert
News| November 22, 2022

Eurosystem tops latest Green Central Banking Scorecard

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.

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