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.
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.
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. …
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.
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.
The BIS on sovereign green bonds, the ECB on climate fiscal policies, a conference on greening monetary policy in times of soaring inflation and more from this week in green central banking.
The BoE should target its credit policy to offer low cost loans to banks lending for energy efficient building retrofits and other green projects, according to a new report from a leading UK thinktank.
The ECB’s Lagarde on climate change and inflation, a climate warning from the NGFS chair, new disclosure rules from the Bank of Thailand, a Green Swan compilation and more from this week in green central banking.
A zero-interest lending programme launched by the Bank of Japan aims to boost low-carbon projects such as geothermal and solar energy. But it faces disclosure and mandatory requirement challenges, says Sayuri Shirai of Keio University.
Faced with rising fossil fuel inflation and growing energy insecurity, civil society groups are calling on the ECB to incentivise bank lending for energy-saving housing renovations through the introduction of a green discount rate.
ECB president Christine Lagarde has said she hopes the central bank can introduce a green targeted lending facility, but has indicated the issue may be controversial among the governing council.
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