To help the climate, ECB must go transparent
European Central Bank has broken new ground in climate policy, but must shake off its secrecy and maximise impact
Source: globalcapital.com
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Biodiversity loss threatens economic stability: central banks report
Central banks have underestimated the significant threat posed by biodiversity loss.
Source: enca.com
BSP to issue green finance rules | Bianca Cuaresma
THE Bangko Sentral ng Pilipinas (BSP) is set to issue more regulations particularly directed at pushing sustainability as it streamlines the so-called “green financing” in the country. Speaking at the Stratbase ADR Institute for Strategic and International Studies (ADRI) Conference on Wednesday, BSP Governor Benjamin Diokno said one of their…
Source: businessmirror.com.ph
BNR sets up Sustainability, Green Economy Office
The National Bank of Romania (BNR) has set up an internal department, the Sustainability and Green Economy Office, to further explore further...
Source: stiripesurse.ro
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Fixing the tragedy of the horizons
By Jon Hay 09 Jul 2021 Central banks have become integral to the fight against climate change in financial markets. Participants now expect them to wield their immense influence through many avenues of their work — economic analysis, metrics, supervision, investment and even monetary policy. None of this is explicitly in the mandate of any central bank. In the past four years, first a few central banks and now many have rethought and reinterpreted their mandates, in light of the realisation that climate change poses an existential threat to our way of life — and hence, inevitably, to fina...
Source: globalcapital.com