Civil society issues criteria for greening ECB corporate portfolio
As the ECB moves to decarbonise its corporate bond portfolio, 12 leading research and advocacy groups have issued a list of four key criteria they say are crucial to the robustness and credibility of the exercise.
Japan’s green lending scheme presents opportunities and challenges
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.
ECB’s Wunsch defends controversial market neutrality concept
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.
2021: plenty of climate talks, but little practical progress
As the climate and ecological crises continue to accelerate, central banks have made slow progress in addressing their role as calls grow to stop the funding of the destruction of the natural world.
New ECB climate and monetary policy analysis released
The ECB has published a substantive review and analysis of climate change and monetary policy in the euro area, identifying potential problems with monetary policy transmission as a result of climate-related impacts.
Weekly roundup: South Korean oil & gas financing and the financialisation of food
Banque de France on biodiversity risks, the ECB’s Schnabel on climate change and monetary policy, a new report on South Korean oil & gas financing, a climate assessment of Australian banks, the financialisation of food and more in this week’s …
Weekly roundup: ECB’s climate strategy & illegal gold mining in Malawi
Climate risk regulation in Israel, illegal gold mining in Malawi, new BOJ climate lending facility, Schnabel calls for market efficiency over neutrality, Eurozone banks fail ECB climate risk expectations, and more.
DNB president outlines green monetary policy options
The concept of market neutrality may conflict with the primary and secondary objectives of the European Central Bank’s (ECB) mandate, claimed the Dutch central bank president in a keynote speech about green monetary policy today.
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