EU parliament tackles ECB’s ‘long-neglected’ secondary mandate
MEPs have adopted a resolution allowing the ECB to align its policies with EU objectives in addition to price stability. This is a golden opportunity to green monetary policy, says Adua Dalla Costa of Positive Money.
Heat on the horizon: how Asia’s financial regulators must rise to the climate challenge
Countries in the Asia Pacific region are highly vulnerable to climate change and central banks must do more to mitigate the physical and transition risks, say policy experts from WWF.
Cop27: what are the implications for central banks and supervisors?
Cop27 saw agreements on loss and damage but little progress on reducing emissions so central banks may need to reconsider climate scenarios, says Jeremy McDaniels of the Institute of International Finance.
Green central banking goes mainstream, but words aren’t yet matched by actions
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. …
Is the current macroprudential framework fit for climate systemic risk?
The macroprudential toolbox is already equipped to handle systemic risk and can be adjusted to deal with risks stemming from the climate crisis, says Pierre Monnin from the Council on Economic Policies.
Central banks cannot afford to be casual bystanders in the climate crisis
Central banks must reappraise existing orthodoxies in the face of climate change and accept their responsibilities in pursuing a green and socially just transition, say economists Burcu Ünüvar and A Erinç Yelden.
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