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News| September 14, 2022

‘Fossilflation’ an opportunity to avoid disorderly transition, says NGFS

A new NGFS paper has argued that increased fossil energy prices is acting as an involuntary price on carbon, offering a “narrow but unique opportunity” to accelerate the transition to net zero.
A pool of bright blue water lies in a depression on a glacier
News| September 7, 2022

Civil society groups tell central banks: ‘do whatever it takes’ on climate

A coalition of international NGOs and senior academics have issued a powerful call to action, demanding that central banks use all available tools to address climate change and biodiversity loss.
A hand adjusts the dial on a digital thermostat, which reads 68ºF
News| September 6, 2022

Call for BoE to offer green targeted lending

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.
Weekly roundup
Bank of Japan, Osaka
News| September 2, 2022

BoJ releases results of climate scenario analysis

The BoJ releases climate scenario analysis results, CEBRA focuses on the green transition, how the ECB’s climate strategy increased green bond issuance, new E-axes policy briefs and more from this week in green central banking.
Two women walk through shallow floodwaters in Pakistan
News| September 1, 2022

Climate-driven floods push Pakistan inflation to 44.5%

Catastrophic flooding in Pakistan has pushed the year-on-year price of essential items up by 44.58% and inflation is compounding a humanitarian disaster affecting more than 30 million people.
News| August 29, 2022

Jackson Hole conference highlights divide on climate and inflation

The Federal Reserve’s Jackson Hole symposium concluded on Saturday with the proceedings highlighting a deep division between the Federal Reserve and international counterparts over the impact of climate change on inflation.
Weekly roundup
Dead fish in the dry bottom of a river
News| August 29, 2022

Climate change has clear impact on inflation, says Lagarde

The ECB’s Lagarde on climate change and inflation, a climate warning from the NGFS chair, new disclosure rules from the Bank of Thailand, a Green Swan compilation and more from this week in green central banking.
Small boats lying in the dried up river bed of the Po in Italy
News| August 22, 2022

Worldwide droughts add to ‘fossilflation’ in price stability crisis

Multiple droughts associated with accelerating climate change are increasing global food prices dramatically, adding to fossil fuel inflation to threaten a perfect storm of price instability.
Weekly 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.
Fire burning on a hillside at night
News| August 9, 2022

Temperature shocks already influencing US monetary policy – report

New research has found that surprise temperature shocks have been “significantly hurting” the US economy over the last 50 years, influencing the conduct of US monetary policy. …
Weekly roundup
Factory chimneys emitting clouds of steam or smoke, lines of trees in the foreground
News| July 15, 2022

ESMA calls for double materiality in ISSB standards

The European Securities and Markets Authority calls for double materiality in global sustainability standards, a progress report from the Financial Stability Board, sustainability guidance from the Philippines central bank and more from this week in green central banking.

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