Tag: Environment

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

Central Banks and the Transition to a Low-Carbon Economy

| 22 March 2018
Discussion Notes, Monetary | Tags: Central Banks, Environment, Macroprudential Regulation, Quantitative Easing
Climate change is a fundamental challenge for our societies. Containing it will require a profound and radical transformation of our economic system, including a substantial reorientation of investments toward low-carbon technologies. The question to what extent central banks can and should contribute to this effort ... continue reading

How’s Life?

| 22 January 2018
External, Fiscal, Monetary, Trade | Tags: Environment, Inequality
In November, the OECD published its most recent report on a short but fundamental question: How’s Life? Income is an important, but not the only factor in determining the answer. The OECD reflects this by going beyond the focus on GDP, that has for long ... continue reading

Tax Expenditures and the Environment: Strengthening the Spotlight

| 8 November 2017
External, Fiscal | Tags: Energy, Environment, Fossil Fuel Subsidies, Tax Expenditures
Tax expenditures – government spending through deductions, exemptions, and other benefits granted through the tax code – are significant and have wide ranging environmental implications. A stronger green fiscal policy spotlight on them is critical. ... continue reading

Central Banking, Climate Change and Environmental Sustainability

14-15 November 2016
Monetary, Workshops | Tags: Climate, Environment, Financial Stability, Interest Rates, Macroprudential
Co-organized with the Bank of England ... continue reading