Banker’s comments show we can’t rely on them to respond to the climate crisis
When HSBC’s responsible investment head asked who cares if Miami is underwater in 100 years, he revealed what global banks really think about the climate crisis, argues Lukasz Krebel of the New Economics Foundation.
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.
Call for central banks to use own climate risk ratings
A Reserve Bank of New Zealand consultation on climate and monetary policy, a call for central banks to use their own climate credit ratings, a Fed review of central bank climate communications and more from this week in green central …
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: BoJ candidate looks to green capital spending for growth
A candidate for Bank of Japan governor discusses green capital spending as a solution to Japan’s anemic growth, an ECB paper on the importance of double materiality, the NGFS on credit ratings and more from this week in green central …
BIS announces Green Swan 2022 conference
The BIS has announced the second annual Green Swan conference, bringing together high level central bankers, financial regulators and experts to discuss how the financial sector can act to mitigate climate-related risks.
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.
Weekly roundup: BdF on data gaps and Fed announces climate conference
BdF releases a working paper on alternatives to perfect data, Indian banks are exposed to climate risks, the Fed announces a conference on climate change and macroeconomics, and more from this week in green central banking.
Weekly roundup: ECB green monetary policy plans and Debelle leaves RBA
Monetary policy can assist the urgent shift to green energy, says the ECB’s Isabel Schnabel, the RBA’s deputy governor leaves for a green energy firm, and more from this week in green central banking.
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.
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