The macroeconomic and ecological landscape is changing rapidly, and monetary policy needs to evolve to support sustainable prosperity, says Katie Kedward of UCL’s Institute for Innovation and Public Purpose.
Isabel Schnabel warns of climate effect on rates, the Fed finds lower ratings for high-carbon companies, the Bank of Jamaica expands climate risk supervision and more from this week in green central banking.
Using existing networks and adapting climate change work can help central banks speed up their response to nature-related risks and address the other side of the environmental crisis, say Maud Abdelli, Chiara Colesanti Senni and Adrian von Jagow.
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 …
ECB governing council member Pierre Wunsch has defended the controversial concept of market neutrality, despite evidence of substantial carbon bias in ECB corporate bond purchases.
A consensus has emerged that central bank mandates cannot be delivered without considering the implications of climate change and nature loss.
New legislation before the Canadian parliament would introduce capital adequacy rules for fossil fuel lending and require the Bank of Canada to align its activities with the country’s climate commitments.
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.
As inflation pressures mount and the ECB governing council prepares to meet, a discriminating approach may be the only option to reduce fossil fuel price and financial instability.
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.
The US Senate banking committee chair on Fed confirmations, climate risks to asset backed securities, the huge carbon footprint of bitcoin transactions and other news from this week in green central banking.
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