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. …
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.
Debt, inflation and climate crisis: a perfect storm in the global south
Debt and rising inflation mean low and middle-income countries are struggling to deal with climate impacts. Time for debt-free climate finance, argue analysts from the Latin American Network for Economic and Social Justice.
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.
What regulators should take away from the ECB climate stress test
Regulators should be mindful of the limitations of the European Central Bank’s climate stress test and beware of a too-big-to-fail scenario once climate risks start materialising, argues Julia Symon of Finance Watch.
Green prudential regulation: a comparison tool for risk-weighted assessments
How can risk-weighted assessments be designed to include climate and environmental factors? Economists Lorenzo Esposito, Giuseppe Mastromatteo and Andrea Molocchi propose 10 principles for effective green prudential regulation.
Banker’s comments show we can’t rely on them to respond to the climate crisis
When HSBC’s responsible investment head asked who cares if Miami is underwater in 100 years, he revealed what global banks really think about the climate crisis, argues Lukasz Krebel of the New Economics Foundation.
Basel principles-based approach not sufficient to address climate-related risks
The high-level principle-based approach adopted by the Basel Committee fails to take into account the specific features of climate-related financial risks, argues Julia Symon of Finance Watch.
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