Aligning Sovereign Bond Markets with the Net Zero Transition: the Role of Central Banks
Pierre Monnin,
Joseph Feyertag,
Nick Robins and
Alexander Wollenweber | 14 March 2024
Monetary,
Policy Briefs | Tags:
Central Banks,
Climate Risks,
Debt,
Financial Supervision Aligning sovereign bonds with net zero requires coordinated action by several stakeholders across the financial system. National governments are first in line to act but central banks have a unique opportunity to make a meaningful contribution.
... continue reading
Towards Macroprudential Frameworks for Managing Climate Risks
11 March 2024 | Online | 18h00 CET Monetary,
Panel | Tags:
Central Banks,
Climate Risks,
Financial Stability,
Macroprudential Policy In collaboration with E-axes Forum, we co-hosted a panel on macroprudential frameworks for managing climate-related financial risks.
... continue reading
Net Zero Central Banking in Africa’s Diverse Economies: Challenges, Opportunities and Policy Options
Reuben Wambui,
Joseph Feyertag and
Pierre Monnin | 29 November 2023
Monetary,
Policy Briefs | Tags:
Africa,
Central Banks,
Climate Risks,
Financial Stability,
Inequality Africa’s economies are contending with a diverse set of challenges and opportunities in relation to building low-carbon, green economies and the transition to net zero emissions. Central banks can play a pivotal role in enabling the green transition in Africa.
... continue reading
Building Climate Resilient Portfolios. The Case of the Bank of Japan’s Index-Linked ETF Holdings
Julia Bingler and
Nemo Krüger | 28 November 2023
Monetary,
Policy Briefs | Tags:
Asset Purchases,
Central Banks,
Climate Risks,
Governing Finance,
Japan Climate risks are financial risks that must be accounted for across all central bank operations and invested asset classes. Like for any other financial institution, all assets that central banks own – e.g., equities, bonds, and asset-backed securities – are exposed to climate risks.
... continue reading
Nature, Finance and the Macroeconomy: Risks, Impacts and Feedback Effects
19-20 October 2023 | Kuala Lumpur, Malaysia Conferences,
Monetary | Tags:
Central Banks,
Climate Risk,
Financial Risks,
Financial Supervisors,
Macroprudential Policy,
Nature Risks Nature loss and degradation have implications in the fields of macroeconomics, finance, and environmental policy studies. The conference held in Kuala Lumpur addressed these questions.
... continue reading
Governing Finance and Climate Change – The Role of Central Banks and Financial Supervisors in Addressing Climate-Related Financial Risks
13 April 2023 | Washington, D.C., United States Monetary,
Panel | Tags:
Central Banks,
Climate Risks,
Financial Supervision The Institute for International Economic Policy (IIEP) at GWU, in partnership with the Council on Economic Policies, recently hosted a morning event on Governing Finance and Climate Change in Washington.
... continue reading
Climate Risks in Albania and their Relevance to the Central Bank
Margerita Topalli and
Pierre Monnin | 14 March 2023
Monetary,
Policy Briefs | Tags:
Central Banks,
Climate Change,
Financial Stability,
Sustainable Finance Climate change has far-reaching impacts, both in breadth and magnitude that are starting to affect the economy and society in Albania. Mitigating them and positioning the Albanian economy on a sustainable path requires important structural transformations and investments.
... continue reading
Keeping Risks in Check. Towards a Comprehensive Reflection of Climate Risks on Central Bank Balance Sheets
Julia Bingler | 27 February 2023
Monetary,
Blog | Tags:
Asset Purchases,
Central Banks,
Climate Risks,
Financial Governance Central banks have been highlighting the financial risks from climate change for several years. The fact that they are still not accounting for these risks across all their operations is striking. This must change.
... continue reading
The Swiss National Bank Struggles to Manage Climate Risks
Pierre Monnin | 6 January 2023
Monetary,
Commentary | Tags:
Central Banks,
Climate Risk,
Financial Stability In Europe and elsewhere, central banks are implementing measures to contain financial risks associated with climate change in their asset portfolios. The Swiss National Bank is not among the leaders in this area.
... continue reading