Low Carbon Allocation in the Implementation of Monetary Policy
This paper reviews monetary and macroprudential tools, such as targeted green refinancing, that the ECB can use to speed up the green transition while maintaining price stability.
Macroprudential Policies for Addressing Climate-related Financial Risks
Given the material and systemic risks posed by climate change, there is a strong case for adjusting macroprudential policies, according to this FSI research. …
The Implications of National and International Carbon-Pricing Policies for the South African Reserve Bank
Sarb researchers explore the financial stability implications of carbon pricing schemes and carbon border taxes, and make recommendations to create more robust carbon risk monitoring.
Climate-related Risks and the Regulatory Capital Framework
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.
A Safer Transition for Fossil Banking
This report quantifies the additional capital needed to reflect the financial stability risk associated with banks’ fossil fuel exposures.
The ECB Paris Gap: Substantive but Treatable
This report proposes that the European Central Bank align with its primary and environmental mandates by adopting climate neutrality principles and increasing the scope and urgency of its decarbonisation plans.
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