Research Archive

The PBoC’s decision to accept green bonds as collateral resulted in a significant and persistent reduction to the yields of those bonds, finds this paper from the Banque de France.

This ECB paper examines the impact of temperature shocks on prices across 48 countries and finds that temperature plays a “non-negligible role” in driving medium-term price developments. It concludes that “climate change matters for price stability”.

This discussion paper from the German Institute for Economic Research examines the impact of natural disasters on price stability in the euro area, and finds significant positive effects on overall headline inflation but diverging results at the sub-index level.

A European Commission review of the regulatory framework on capital requirements for banks and insurance companies offers an opportunity for a “quick fix” to address climate-related risks to the financial system, finds this ground-breaking Finance Watch report.

This article from Positive Money Europe examines the financial barriers to energy-saving home renovations in the EU and proposes a version of the ECB’s successful TLTRO programme to incentivise banks to lend for energy efficiency projects.

This paper reveals how the ability of the European Central Bank to control inflation may be significantly undermined if the world passes the 1.5ºC warming threshold.

This report from the European Central Bank analyses the implications of climate change for the conduct of monetary policy in the euro area. It is one of a number of background papers to the 2021 strategy review, which incorporated climate …

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.

This Reclaim Finance report assesses the credibility of the NGFS’ latest climate scenarios for central banks and supervisors, finding them heavily reliant on unproven carbon capture and storage at scale and on the unsustainable use of biomass for energy production.

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.