Rising interest rates threaten to stifle the move to a greener economy but targeted lending would allow the ECB to avoid this problem, say policy experts Paul Schreiber and Lukasz Krebel.
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.
The New York Fed on funding energy efficiency renovations, the BdF’s deputy governor on tipping points and transformative change, a prototype BIS green bond platform, and more from this week in green central banking.
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.
The BIS on sovereign green bonds, the ECB on climate fiscal policies, a conference on greening monetary policy in times of soaring inflation and more from this week in green central banking.
Inflation associated with fossil fuel dependency and changing weather patterns requires ECB action if it is to fulfill its mandate, finds a new report.
The BoE should target its credit policy to offer low cost loans to banks lending for energy efficient building retrofits and other green projects, according to a new report from a leading UK thinktank.
An ECB study reveals climate risk premiums for equity markets, green loans from the Central Bank of Iraq, the San Francisco Fed on the US megadrought and more from this week in green central banking.
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.
The ECB has published a call for papers on fiscal policy and climate change in advance of a workshop later this year.
ECB president Christine Lagarde has said she hopes the central bank can introduce a green targeted lending facility, but has indicated the issue may be controversial among the governing council.
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