News - Green Central Banking

Fundi Tshazibana looking to the camera, smiling

News | October 22, 2025

Tshazibana: green dual interest rates are ‘non-starters’ for African central banks

Fundi Tshazibana, deputy governor of the South African Reserve Bank, says green dual interest rates are not an effective policy to promote climate financing.

News | April 30, 2024

Green QE not legally possible, says Banque de France’s Villeroy

Banque de France governor Francois Villeroy de Galhau said it was not legally or economically possible for central banks to fund the green transition.

An expanse of tropical forest, cleared in the foreground creating an angular treeline

News | September 30, 2022

QE-funded deforestation linked to financial instability

Two new studies have found that deforestation could create a loss in value as great as the 2008 financial crash, and that central banks have purchased debt from issuers linked to forest loss.

Close-up detail of a sculpture in the shape of a euro symbol, surrounding by five yellow stars

News | September 19, 2022

ECB begins decarbonisation of corporate portfolio

The ECB will soon introduce climate change considerations into its corporate bond purchases, favouring issuers according to past performance, future targets and quality of disclosures.

News | September 12, 2022

Civil society issues criteria for greening ECB corporate portfolio

As the ECB moves to decarbonise its corporate bond portfolio, 12 leading research and advocacy groups have issued a list of four key criteria they say are crucial to the robustness and credibility of the exercise.

Roundup

An aerial view of the tops of conifer trees

News | August 15, 2022

ECB paper quantifies effects of green QE

An ECB paper on green quantitative easing, the Bundesbank’s first climate-related disclosure, a warning that higher rates won’t solve fossil fuel inflation and more from this week in green central banking.

News | June 14, 2022

Market efficiency mandate requires climate action, say ECB figures

A group of leading ECB figures have argued that demonstrated market flaws surrounding emissions and climate change require corrective action to fulfil the central bank’s mandate of “favouring an efficient allocation of resources”.

A man, Pierre Wunsch, standing at a lectern

News | April 21, 2022

ECB’s Wunsch defends controversial market neutrality concept

ECB governing council member Pierre Wunsch has defended the controversial concept of market neutrality, despite evidence of substantial carbon bias in ECB corporate bond purchases.

Close-up of a saucepan on a cooker hob lit with a blue gas flame

News | March 24, 2022

Energy market seeks emergency liquidity for clearing banks

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.

A petrol pump nozzle being held in the fuel cap of a dark green car

News | March 11, 2022

No ECB support for EU efforts to reduce fossil fuel dependence

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.

News | March 8, 2022

Ukraine: ECB governing council to meet as crisis intensifies

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.