Tag: Climate Change

Is It Time To Take Away The Carbon Punch Bowl?

| 5 September 2017
Blog, Monetary | Tags: Climate Change, Financial Stability, Macroprudential Regulation
Climate change poses serious financial risks. Perhaps the biggest systemic risk is a disorderly transition to a low carbon economy. As noted in the Bank of England’s ‘response to Climate Change’, current forecasts suggest that to keep global average temperatures below 2 degrees, around two-thirds of ... continue reading

Central Banking and Green Finance

Upcoming: 28-29 November, 2017. Co-organized with De Nederlandsche Bank
Monetary, Workshops | Tags: Climate Change, Financial Regulation, Green Finance
When the Leaders of the G20 met in China in 2016 they highlighted the necessity to scale up green financing. They also endorsed efforts to “provide clear strategic policy signals and frameworks” to target this objective. The question to what extent central banks can and ... continue reading

Why Monetary Policy Should Go Green

| 19 May 2017
Blog, External, Monetary | Tags: Climate Change, Collateral Frameworks, Green Finance, QE
Guest Post, FT Alphaville. Monetary policy is rarely a topic in debates on green finance. It should. The €60bn that the European Central Bank is currently injecting into financial markets on a monthly basis are a case in point. Its intervention amounts to nearly three ... continue reading

Climate Change, Carbon Pricing and Energy Tax Expenditures

| 6 October 2016
Blog, Fiscal | Tags: Carbon Pricing, Climate Change, Energy, Tax Expenditures
Climate change is moving up policy agendas worldwide. Last year’s COP21 was yet another wake-up call that the international community needs to take urgent action to reduce greenhouse gas (GHG) emissions. The main outcome of the meeting, the Paris Agreement, was a significant milestone in ... continue reading

Global Finance, Debt and Sustainability

3 October 2016, Zurich, Switzerland
Lectures, Monetary | Tags: Climate Change, Debt, Financial Regulation, Housing, Inequality
CEP Lecture by Adair Turner co-hosted with the IMF. Lord Turner has been a Senior Fellow at the Institute for New Economic Thinking since 2013, and in 2015 became Chairman of the Institute’s Governing Body. ... continue reading