Flexible rules helped scale lending past US$130bn, but explicit exclusions and transition tests are needed to avoid refinancing misaligned activities.
Leading figures in central banking, regulation and industry met to discuss the impact of climate on the real economy and monetary policy at the Green Swan conference.
New approaches are needed to combat threats to price stability posed by climate change, say panellists at Green Swan conference.
Climate impacts could increase defaults and undermine mortgage portfolios, but there is more the ECB can do to guard against a new crash, says Uuriintuya Batsaikhan of Positive Money Europe.
Voluntary climate commitments made by banks may not reduce financed emissions and governments should improve commitment credibility, the European Central Bank has found. …
A dual interest rate environment is nothing new. Here’s how a lower interest rate for green investments could work.
Dual interest rates have been used before and applying them to green investment will spur the transition to net zero, says Positive Money’s Vicky Van Eyck.
French president Emmanuel Macron has advocated for dual interest rates, saying it was “absurd” that green and fossil energy had the same rate.
A Monetary Authority of Singapore-led artificial intelligence platform will use national data on buildings to identify greenwashing in real estate loans. …
Cooperation between the US and China is ‘critical’ to fighting climate change, said US Treasury secretary Janet Yellen.
The IMF’s managing director urges leaders to find debt relief solutions for the global south and consider debt-for-climate swaps ahead of a summit to discuss a global financial pact.
You have seen 11 of 30
Trending…
