Green Fiscal Reform Was Not Invited to the G20’s Tango Show
Michael Jakob | 1 August 2018
Blog,
Fiscal | Tags:
Carbon Pricing,
Climate Change,
Fossil Fuel Subsidies,
Latin America The Argentine G20 presidency has three concrete priorities: jobs, infrastructure, and food security. Strikingly though, carbon pricing was not invited for Tango. Indeed, the absence of carbon pricing as well as green fiscal reform among the list of priorities within this year’s agenda jeopardizes the
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Scaling up Green Finance: The Role of Central Banks
Upcoming: 8 – 9 November, 2018. Co-organized with the Central Banks and Supervisors Network for Greening the Financial System Monetary,
Workshops | Tags:
Central Banks,
Climate Change,
Green Finance The transition to a low-carbon economy requires shifting trillions from brown to green activities. Several reports estimate that more than USD 90 trillion will be needed to adapt our infrastructure in a way that is consistent with the 2°C scenario. Given that the horizon of
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Climate Change Adds to Risk for Banks, but EU Lending Proposals Will Do More Harm Than Good
Arnoud Boot and
Dirk Schoenmaker | 17 January 2018
Blog,
Monetary | Tags:
Climate Change,
Financial Stability,
Macroprudential Regulation Climate change is a relevant risk factor for the banking sector, but the European Commission's plan to lower capital requirements for greener investments is irresponsible in encouraging banks to forego proper risk management.
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Central Banking and Green Finance
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
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Is It Time To Take Away The Carbon Punch Bowl?
Josh Ryan-Collins | 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
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