The quest for ever-more data must not delay action to address climate risks, says economist Danae Kyriakopoulou, because the risk of doing too little far outweighs the risk of doing too much.
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.
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 …
The Bank of Japan announced targeted refinancing operations to support the transition to a carbon neutral economy, the first major central bank to do so.
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.
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.
Weekly roundup on calls for U.S. climate risk regulation, ECB market neutrality debate continues and The Fed asks lenders for details of climate risk.
Bundesbank President Jens Weidmann was the target of a climate protest in Frankfurt today highlighting the consequences of his position on market neutrality. The protest took place as the European Central Bank (ECB) debated the introduction of carbon emissions into …
Two Eurosystem central bank governors called for the decarbonisation of the European Central Bank’s (ECB’s) monetary policy, to bring it in line with EU emissions targets and the Paris Agreement. In a speech on Thursday at a sustainable finance conference, …
Frank Elderson, an executive board member of the European Central Bank (ECB), said market neutrality in asset purchases and other monetary operations is not part of the bank’s mandate. Elderson pointed to the ECB’s mandate as defined in the Treaty …
Bundesbank President Jens Weidmann came out strongly against the exclusion of high carbon companies from the European Central Bank’s (ECB’s) asset purchases at the prestigious European Banking Congress, held in Frankfurt last month. “I am very critical of suggestions that …
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