Contributor: Pierre Monnin

Monetary Policy Operations and Biodiversity Loss

Pierre Monnin | 24 March 2022
Monetary, Policy Briefs | Tags: Biodiversity Risk, Central Banks, Climate Change
Biodiversity is declining at unprecedented rates in human history, with growing evidence that this could have significant economic and financial implications. In this regard, biodiversity loss is very similar to climate change: both entail physical risks that could translate into substantial economic and financial losses, ... continue reading

Aligning Central Bank Refinancing Operations with the G20 Agenda

Chiara Colesanti Senni and Pierre Monnin | 6 October 2021
Monetary, Policy Briefs | Tags: Central Banks, Climate Risk, G20, Targeted Refinancing Lines
Since the Pittsburgh Summit in 2009, G20 leaders have repeatedly highlighted inclusive growth and environmental protection as core objectives in their joint declarations. With the widening of economic inequalities and the acceleration of climate change and biodiversity loss, their calls for action have gained further ... continue reading

ECB and Climate Change: The Direction is Clear – But Ambition and Speed are Lacking

Pierre Monnin | 7 June 2021
Monetary, Blog | Tags: Central Banks, Monetary Policy Operations, Sustainability
All public institutions urgently need to address the colossal challenges posed by climate change. Central banks are no exception, and their representatives are well aware of this. Jens Weidmann, President of the Deutsche Bundesbank, for example, is convinced "that we can all do more to mitigate ... continue reading

Systemic Risk Buffers – The Missing Piece in the Prudential Response to Climate Risks

Pierre Monnin | 1 June 2021
Monetary, Policy Briefs | Tags: Climate Risk, European Systemic Risk Board, Macroprudential Regulation, Systemic Risks
Climate-related financial risks can potentially destabilize the financial sector. This fact is acknowledged by the major international financial bodies – the Financial Stability Board (FSB), the Bank for International Settlements (BIS), the International Monetary Fund (IMF) – as well as by the Central Banks and ... continue reading

Climate Financial Risks: Assessing Convergence, Exploring Diversity

Julia Anna Bingler, Chiara Colesanti Senni and Pierre Monnin | 9 December 2020
Monetary, Discussion Notes | Tags: Climate Risk, Financial Supervision, Monetary Policy Operations, Risk Metrics
Climate risks are now fully recognized as financial risks by asset managers, investors, central banks, and financial supervisors. As a result, the integration of climate risk metrics into risk management processes is moving up agendas worldwide. In that context, a rapidly growing number of market ... continue reading

Pierre Monnin
Council on Economic Policies & Grantham Research Institute on Climate Change and the Environment, LSE

Pierre Monnin is a Senior Fellow at CEP and a Visiting Professor in Practice at the Grantham Research Institute on Climate Change and the Environment at the London School of Economics and Political Science. He works on central banking, monetary policy, and financial regulation, focusing on their environmental and social sustainability interdependencies. Before joining CEP, he worked for the Swiss National Bank (SNB) in various roles for ten years, as well as in the financial industry.