Tag: Climate Change

Central Banks and Climate Change

| 21 February 2020
Blog, Monetary | Tags: Central Banks, Climate Change, Credit Risk, Governing Finance
Central banks must supplement their risk processes to reflect climate risks. This is neither a conflict of objectives nor an overburdening of their mandate, but a fiduciary duty. ... continue reading

Scenarios for Fiscal Space. Adapting to the Long-Term Challenges of Climate Change

| 28 January 2020
Discussion Notes, Fiscal | Tags: Climate Change, Fiscal Space, IMF
Climate change poses significant challenges for governments seeking to assess their long-run financial condition. Looking forward, climate change is likely to threaten multiple aspects of a country’s economy. Governments will necessarily be required to provide support in adapting to these challenges. While considerable uncertainty exists ... continue reading

Should Monetary Policy Take Inequality and Climate Change into Account?

| 24 January 2020
Discussion Notes, Monetary | Tags: Climate Change, Governing Finance, Inequality
Should central banks take more account of ethical issues, notably the impact of monetary policy actions on the distribution of income and wealth and on efforts to combat climate change, in the design and implementation of the wider monetary policy toolkit they have been using ... continue reading

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

, , , , and | 7 September 2018
Blog, 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