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A man crouches on top of a bank of solar panels. Behind him are low brown hills reflecting the sunlight and clouds in a blue sky.
News| June 28, 2023

Using new SDRs to finance the global green energy transition

Special drawing rights could stimulate green energy in low-income countries while avoiding additional debt burdens but a new mechanism is needed to deploy them effectively, says Matthias Kroll of the World Future Council.
The head and shoulders of Kristalina Georgieva, small against a blue background
News| June 22, 2023

IMF calls for debt-for-climate swaps ahead of world finance summit

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.
Opinion
A man sits on a chair in front of a single-storey house made of cement bricks. In front of the man on the ground is a solar panel.
News| June 21, 2023

Managing climate risks and economic resilience go hand in hand

The greatest net-zero transition risks are borne by lower-income countries so they need to be economically resilient to weather the storm, says Saliem Fakir of the African Climate Foundation.
Opinion
Leaders of the G7 countries seated round a circular table and turned to face the camera
News| June 5, 2023

The G7 is relevant once more and financial reform must be a priority

The G7 has a renewed oppportunity to shape financial reform and address the climate crisis, but has so far failed to take full advantage, says Sima Kammourieh of E3G. …
Ravi Menon seated, speaking at a conference
News| May 31, 2023

Live – Green Swan 2023: the impact of green technology

Leadging figures and experts meet for the first day of Green Swan 2023 to discuss the role technology can play in the transition to a net-zero economy.
Head and shoulders shot of Ajay Banga
News| May 11, 2023

Ajay Banga confirmed as World Bank president

Biden’s World Bank pick signals a potential shift on climate change for the lender, as Banga has long advocated that climate change and poverty cannot be separated. …
David Malpass
News| February 20, 2023

David Malpass announces resignation as World Bank president

Malpass, who is stepping down before the end of his term, was under criticism for questioning human contributions to climate change.
Opinion
A family sit on top of their house roof, which is surrounded by floodwaters
News| December 1, 2022

Cop27: what are the implications for central banks and supervisors?

Cop27 saw agreements on loss and damage but little progress on reducing emissions so central banks may need to reconsider climate scenarios, says Jeremy McDaniels of the Institute of International Finance.
Weekly roundup
A flooded street, the waters reaching nearly to the top of a street sign
News| November 28, 2022

Climate crisis may have ‘substantial’ effects on natural rate

Global heating and the natural interest rate, further calls for an RBA climate mandate, how the green transition may reduce inflation and more from this week in green central banking.
Weekly roundup
A cargo ship laden with contrainers moored in a port
News| October 18, 2022

G7 examines cross-border impacts of net-zero push

G7 examines cross-border impacts of net-zero push, SEC reopens comment period on climate disclosures and more from this week in green central banking.
Opinion
Two firefighters are dwarfed by flames engulfing a stand of trees
News| October 13, 2022

Central banks cannot afford to be casual bystanders in the climate crisis

Central banks must reappraise existing orthodoxies in the face of climate change and accept their responsibilities in pursuing a green and socially just transition, say economists Burcu Ünüvar and A Erinç Yelden.

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