Proposals to elevate competitiveness ahead of climate change as new objectives for UK financial regulators have been widely criticised by civil society groups.
Catastrophic flooding in Pakistan has pushed the year-on-year price of essential items up by 44.58% and inflation is compounding a humanitarian disaster affecting more than 30 million people.
Multiple droughts associated with accelerating climate change are increasing global food prices dramatically, adding to fossil fuel inflation to threaten a perfect storm of price instability.
The City of London, one of the world’s leading finance centres, faces ambitious national climate targets. Here are five key UK government and regulatory initiatives aimed at greening the City.
The European Securities and Markets Authority calls for double materiality in global sustainability standards, a progress report from the Financial Stability Board, sustainability guidance from the Philippines central bank and more from this week in green central banking.
A group of leading ECB figures have argued that demonstrated market flaws surrounding emissions and climate change require corrective action to fulfil the central bank’s mandate of “favouring an efficient allocation of resources”.
A proposed green mandate for Banco Central de Chile, the BoJ releases its TCFD-aligned disclosure, Lagarde on greenflation, Green Swan 2022 and more from this week in green central banking.
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 …
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