Tag: Climate Change

Governing Finance – The Case for a New Playbook

and | 7 April 2021
Blog, Monetary | 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 ... continue reading

Governing Finance for Sustainable Prosperity

and | 7 April 2021
Discussion Notes, Monetary | 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 ... continue reading

How to Design Environmentally Beneficial Tax Incentives

and | 4 March 2021
Blog, Fiscal | Tags: Carbon Tax, Climate Change, Tax Incentives
The fight against climate change requires effective economic policy instruments. In addition to environmental taxes, such as a carbon tax, environmentally beneficial tax incentives that favour less polluting consumption and investment activities can be used to promote climate-friendly behaviour. In search of governments around the ... continue reading

Central Banks Must Upgrade Their Risk Management

| 23 November 2020
Blog, Monetary | Tags: Central Banks, Climate Change, Climate Risk
The COVID-19 crisis is a stark reminder of how sharply asset values can shift. Amid a crashing demand for oil and gas, giant energy companies like BP, Chevron and Shell massively wrote down the value of their assets. And those that did not, like Exxon, ... continue reading

Central Bank Market Neutrality is a Myth

and | 16 October 2020
Blog, Monetary | Tags: Asset Purchases, Central Banks, Climate Change, Foreign Exchange Reserves, Market Neutrality
Christine Lagarde, the President of the European Central Bank (ECB), this week raised the critical question whether, in view of market failures, market neutrality should remain the guiding principle driving central banks’ policy portfolio management. Her spotlight on market neutrality underscores growing and overdue scrutiny ... continue reading