ECB evidence of climate risk premiums
An ECB study reveals climate risk premiums for equity markets, green loans from the Central Bank of Iraq, the San Francisco Fed on the US megadrought and more from this week in green central banking.
EBA chair calls ESG risk a ‘clear and present danger’
European Banking Authority highlights ESG to banks, a study finds Paris target will require stranded assets, war and the reality of a disorderly transition, and more from this week in green central banking.
Uncovering China’s green finance pilot zones
China’s green finance pilot zones are a unique experiment in tailoring monetary policies to diffierent social, economic and environmental situations, explains Mengwei Sha of the Beijing Institute of Finance and Sustainability.
Weekly roundup: monetary policy will determine greenflation
Climate-related price instability, a new transition risk tool, calls for climate justice, civil disobedience from scientists protesting fossil fuel finance, and more from this week in green central banking. Climate-related inflation depends on monetary policy Carbon pricing is just one …
Weekly roundup: mandatory climate disclosures and new green taxonomy
Canada’s mandatory climate disclosures for banks and insurers, Colombia’s new green taxonomy, Malaysia’s financial exposure to nature-related risk, and more from this week in green central banking.
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.
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.
Ukraine-related ‘gasflation’ highlights EU taxonomy issues
Growing price instability in European energy markets has highlighted the concerns of some investors over European Commission plans to include fossil gas in the EU sustainable finance taxonomy.
2021: plenty of climate talks, but little practical progress
As the climate and ecological crises continue to accelerate, central banks have made slow progress in addressing their role as calls grow to stop the funding of the destruction of the natural world.
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