A Nobel laureate says supervisors must understand climate uncertainty, systemic risk buffers and climate risk, an FSB call for transparency, cooperation and a holistic perspective, and more from this week in green central banking.
Isabel Schnabel warns of climate effect on rates, the Fed finds lower ratings for high-carbon companies, the Bank of Jamaica expands climate risk supervision and more from this week in green central banking.
The ECB has supported EU proposals on green capital requirements and transition plans, saying it is already empowered to implement climate-related systemic risk buffers.
Climate-related price instability, a new transition risk tool, calls for climate justice, civil disobedience from scientists protesting fossil fuel finance, and more from this week in green central banking. Climate-related inflation depends on monetary policy Carbon pricing is just one …
New legislation before the Canadian parliament would introduce capital adequacy rules for fossil fuel lending and require the Bank of Canada to align its activities with the country’s climate commitments.
BdF releases a working paper on alternatives to perfect data, Indian banks are exposed to climate risks, the Fed announces a conference on climate change and macroeconomics, and more from this week in green central banking.
Faced with huge margin calls, energy companies and traders are lobbying central banks for “emergency liquidity funding” for banks clearing energy trades, says the European Federation of Energy Traders.
Monetary policy can assist the urgent shift to green energy, says the ECB’s Isabel Schnabel, the RBA’s deputy governor leaves for a green energy firm, and more from this week in green central banking.
Despite inflationary pressures associated with European dependence on Russian fossil fuels, the ECB has offered no support for EU efforts to reduce imports and switch to more stable and secure renewable energy sources.
As inflation pressures mount and the ECB governing council prepares to meet, a discriminating approach may be the only option to reduce fossil fuel price and financial instability.
As the economic effects of Russia’s invasion of Ukraine reverberate across Europe, the European Central Bank has said that it is ready to take “whatever action is needed” to ensure price and financial stability.
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