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An oil rig at sea
News| September 20, 2023

Few global banks committed to ending fossil fuel financing, report finds

Transition Pathway Initiative analysis has found that global banks are not disclosing enough data to shareholders, with very few committing to end fossil fuel investments.
A shepherdess watches over her flock of sheep that graze near a coal power plant in Java, Indonesia.
News| September 14, 2023

Indonesia considers labelling some coal power plants as green

Indonesia’s financial regulator is revising its green taxonomy and considering expanding its green label to loans given to coal-fired power plants supplying sustainable companies.
An aerial view of a large solar farm in a wide flat landscape.
News| August 11, 2023

Australia needs to increase its green finance investment, says RBA official

A Reserve Bank of Australia official said the country needs to ‘substantially’ increase its green finance investments to meet its net-zero goals. …
A number of wind turbine blades lie horizontally on the deck of a large ship. On the dockside, a blade is being positioned by a crane on to a flatbed lorry.
News| July 11, 2023

UK regulator raises concerns about greenwashing in sustainable loans

The Financial Conduct Authority has told banks they should strengthen targets in sustainability-linked loans amid greenwashing concerns.
A wind turbine towers over three people carrying baskets held high over their heads
News| June 29, 2023

Global development banks release framework aligned with Paris Agreement

It took over five years for the multilateral development banks to agree on a framework that fits with the Paris Agreement. …
Head and shoulders shot of Ajay Banga
News| May 11, 2023

Ajay Banga confirmed as World Bank president

Biden’s World Bank pick signals a potential shift on climate change for the lender, as Banga has long advocated that climate change and poverty cannot be separated. …
Opinion
A worker in hard hat and fluorescent jackets working on a laptop balanced on a car bonnet. They are looking at a wind turbine in the distance
News| January 23, 2023

Why green lending facilities can solve the ECB’s monetary tightening dilemma

Rising interest rates threaten to stifle the move to a greener economy but targeted lending would allow the ECB to avoid this problem, say policy experts Paul Schreiber and Lukasz Krebel.
Weekly roundup
A flooded street, the waters reaching nearly to the top of a street sign
News| November 28, 2022

Climate crisis may have ‘substantial’ effects on natural rate

Global heating and the natural interest rate, further calls for an RBA climate mandate, how the green transition may reduce inflation and more from this week in green central banking.
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 hand adjusts the dial on a digital thermostat, which reads 68ºF
News| November 2, 2022

Calls grow for green targeted measures instead of interest rate hikes

Civil society groups are questioning the effectiveness of rate hikes, instead calling for targeted support to address fossil fuel dependency, climate change and other root causes of supply shock inflation.
Opinion
A man peels back the leaves from a maize cob, revealing that half has been eaten
News| September 29, 2022

Debt, inflation and climate crisis: a perfect storm in the global south

Debt and rising inflation mean low and middle-income countries are struggling to deal with climate impacts. Time for debt-free climate finance, argue analysts from the Latin American Network for Economic and Social Justice.

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