A Guaranteed Win for the Climate: Sustainable Loan Guarantees and Sustainable Loan Guarantee Facilities
Andrew McConnell,
Boyan Yanovski and
Kai Lessmann | 8 February 2022
Monetary,
Blog | Tags:
Central Banks,
Climate Change,
Targeted Refinancing Lines
In order to limit global warming to the levels set in the Paris agreement, an immense amount of additional investment has to be directed into sustainable technologies – a difference of between $610 billion (IEA 2020) and $2 trillion (IRENA 2020) per year as compared
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Greening Financial Governance: Lessons from China
Peter Knaack | 13 January 2022
Monetary,
Discussion Notes | Tags:
China,
Governing Finance,
Green Finance,
Macroprudential Policy
China’s turn towards green financial governance has causes and consequences that are instructive for policymakers elsewhere. This paper traces the evolution of rules and regulations designed to guide China’s financial system towards supporting green firms and projects since the 1990s. It outlines four domestic reasons
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For PBOC’s New Green Lending Tool, Transparency and Verification Are Key
Sebastian Guo | 10 December 2021
Monetary,
Op-Eds | Tags:
Central Banks,
China,
Climate Change,
Targeted Refinancing Lines
Global efforts to expedite the transition to a sustainable future require a significant shift in financial flows. The institutions governing finance play a vital role in achieving this objective. Central banks stand at the heart of this endeavor and are increasingly rising to the challenge.
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Central Banks and Policy Coherence
23 November 2021 | Online
Monetary,
Roundtables | Tags:
Central Banks,
Financial Regulation,
Governing Finance
Modern central banks play an outsized role in our economic development through their central role in both monetary policy and financial regulation.
Many are now arguing that central banks should discharge their role in line with public policy on issues such as climate change, greening the
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Bridging the Disconnects – From Diagnosis to Action in Addressing Climate-Related Financial Risks
Alexander Barkawi | 29 October 2021
Monetary,
Blog | Tags:
Central Banks,
Climate Risks,
Financial Regulation,
Macroprudential Policy
When the Financial Stability Oversight Council (FSOC) published its Report on Climate-Related Financial Risk last week, it triggered a wide range of reactions. Some praised it as a critical step in moving climate risks up the agenda amongst FSOC members such as the US Treasury,
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Aligning Central Bank Refinancing Operations with the G20 Agenda
Chiara Colesanti Senni and
Pierre Monnin | 6 October 2021
Monetary,
Policy Briefs | Tags:
Central Banks,
Climate Risk,
G20,
Targeted Refinancing Lines
Since the Pittsburgh Summit in 2009, G20 leaders have repeatedly highlighted inclusive growth and environmental protection as core objectives in their joint declarations. With the widening of economic inequalities and the acceleration of climate change and biodiversity loss, their calls for action have gained further
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ECB and Climate Change: The Direction is Clear – But Ambition and Speed are Lacking
Pierre Monnin | 7 June 2021
Monetary,
Blog | Tags:
Central Banks,
Monetary Policy Operations,
Sustainability
All public institutions urgently need to address the colossal challenges posed by climate change. Central banks are no exception, and their representatives are well aware of this.
Jens Weidmann, President of the Deutsche Bundesbank, for example, is convinced "that we can all do more to mitigate
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Systemic Risk Buffers – The Missing Piece in the Prudential Response to Climate Risks
Pierre Monnin | 1 June 2021
Monetary,
Policy Briefs | Tags:
Climate Risk,
European Systemic Risk Board,
Macroprudential Regulation,
Systemic Risks
Climate-related financial risks can potentially destabilize the financial sector. This fact is acknowledged by the major international financial bodies – the Financial Stability Board (FSB), the Bank for International Settlements (BIS), the International Monetary Fund (IMF) – as well as by the Central Banks and
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Governing Finance – The Case for a New Playbook
Alexander Barkawi and
Simon Zadek | 7 April 2021
Monetary,
Blog | Tags:
Central Banks,
Climate Change,
Digital Finance,
Employment,
Financial Supervision,
Governing Finance,
Inequality,
Sustainability
Finance impacts all aspects of our lives, from our economies to social cohesion to the ecological systems we depend on for our very survival. As a result, the implications of how we govern finance are fundamental, and ultimately existential. Yet, alarmingly, we are not talking
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Governing Finance for Sustainable Prosperity
Alexander Barkawi and
Simon Zadek | 7 April 2021
Monetary,
Discussion Notes | Tags:
Central Banks,
Climate Change,
Digital Finance,
Employment,
Financial Supervision,
Governing Finance,
Inequality,
Sustainability
Finance impacts all aspects of our lives, from our economies to social cohesion to the ecological systems we depend on for our very survival. As a result, the implications of how we choose to govern finance are fundamental, and ultimately existential.
Whether we succeed in improving
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