Climate threatens price stability, says Fed vice chair
Supply disruptions as a result of climate change could contribute to price instability, Federal Reserve vice chair Lael Brainard has told the Bank for International Settlements’ annual conference.
Climate crisis may have ‘substantial’ effects on natural rate
Global heating and the natural interest rate, further calls for an RBA climate mandate, how the green transition may reduce inflation and more from this week in green central banking.
Eurosystem tops latest Green Central Banking Scorecard
Work to green the ECB’s monetary policy has put Eurosystem central banks at the top of the 2022 Green Central Banking Scorecard as China, the Us, Brazil and India all fall in the rankings.
Climate part of ECB price stability mandate, says Lagarde
ECB president Christine Lagarde has firmly placed climate change within the central bank’s primary mandate of maintaining price stability, calling for its full incorporation into the central bank’s models, analyses and monetary policy.
Calls grow for green targeted measures instead of interest rate hikes
Civil society groups are questioning the effectiveness of rate hikes, instead calling for targeted support to address fossil fuel dependency, climate change and other root causes of supply shock inflation.
Six banks to participate in Fed climate analysis
Details of the Fed’s climate scenario analysis exercise, an ECB study on inflation and the green transition and more from this week in green central banking.
Africa losing up to 15% of GDP growth due to climate change
Africa losing up to 15% of GDP growth to climate change, drought contributing to global food price inflation, Bundesbank calls for urgent transition and more from this week in green central banking.
‘Fossilflation’ an opportunity to avoid disorderly transition, says NGFS
A new NGFS paper has argued that increased fossil energy prices is acting as an involuntary price on carbon, offering a “narrow but unique opportunity” to accelerate the transition to net zero.
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