Tag: Climate Change

Climate Change and Finance: What Role for Central Banks and Financial Regulators?

, , , , and | 7 September 2018
External, Monetary | Tags: Central Banks, Climate Change, Environment, Financial Regulation
Climate change poses risks to the financial system. Yet our understanding of these risks is still limited. As we explain in a recent paper published in Nature Climate Change, central banks and financial regulators could contribute to the development of methodologies and modelling tools for ... continue reading

Green Fiscal Reform Was Not Invited to the G20’s Tango Show

| 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 ... continue reading

Scaling up Green Finance: The Role of Central Banks

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 ... continue reading

Climate Change Adds to Risk for Banks, but EU Lending Proposals Will Do More Harm Than Good

and | 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. ... continue reading

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 ... continue reading