Calls grow for targeted ECB green discount rate
Faced with rising fossil fuel inflation and growing energy insecurity, civil society groups are calling on the ECB to incentivise bank lending for energy-saving housing renovations through the introduction of a green discount rate.
US supreme court ruling prompts fears over SEC climate disclosures
US Supreme Court ruling prompts fears over SEC climate disclosures, Riksbank calls for ban on cryptocurrency “proof of work”, and more from this week in green central banking.
Weekly roundup: climate scenarios fail to capture full risks, says World Bank
Climate-related scenarios and physical shocks, a call for ECB targeted green financing, the MNB’s climate-related financial disclosure, and more from this week in green central banking.
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.
Ukraine: ECB to take “whatever action is needed”
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.
Weekly roundup: Malaysian climate lending facility and Yellen on capital rules
The Malaysian central bank launches a new climate lending facility, US Treasury Secretary says climate capital rules are premature, and more from this week in green central banking.
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