Research Archive

Gaps in the understanding of climate risks create uncertainty over capital requirements and macroprudential policy. This Bank of England report states that firms and regulators must improve their climate risk management.

Informed by central bankers, this literature review of climate change and inflation studies finds that climatic effects on prices already exist and that climate issues should be incorporated into monetary policy.

This report argues for targeted credit policies and shows how the Bank of England can green its term funding scheme, beginning with a pilot programme for energy efficient building retrofits.

This paper explores the role central banks’ foreign exchange reserves portfolios can play in mobilising public sector investment to support the net-zero transition.

Central banks can avoid a ‘climate Minsky moment’ by placing soft limits on banks’ exposures to transition-sensitive sectors, according to LSE’s Grantham Institute.

The UK government can deploy the spending necessary to reach its net-zero goals despite current debt-to-GDP levels being relatively high, according to this paper from the Centre for the Understanding of Sustainable Prosperity.

This paper examines the Bank of England’s plans to implement its new environmental mandate by greening its corporate bond purchases, and warns that the impact will be limited.

Central banks could play a critical role in catalysing the rapid shift of financial flows away from fossil fuels, but have instead been tinkering at the edges, according to Oil Change International.

Climate tipping points are one of the principal reasons for concern about climate change but have mostly been ignored by climate economists until recently, this report observes.

Global initiatives to advance the disclosure and mitigation of climate risk must be reoriented to encompass emergency precautionary action, according to this report from Melbourne-based advocacy group Breakthrough.

Report finds with a new green mandate and COP26 approaching, the BoE has a unique opportunity to become a global leader in greening finance.