A Guaranteed Win for the Climate: Sustainable Loan Guarantees and Sustainable Loan Guarantee Facilities
Andrew McConnell,
Boyan Yanovski and
Kai Lessmann | 8 February 2022
Monetary,
Blog | Tags:
Central Banks,
Climate Change,
Targeted Refinancing Lines
In order to limit global warming to the levels set in the Paris agreement, an immense amount of additional investment has to be directed into sustainable technologies – a difference of between $610 billion (IEA 2020) and $2 trillion (IRENA 2020) per year as compared
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Greening Financial Governance: Lessons from China
Peter Knaack | 13 January 2022
Monetary,
Discussion Notes | Tags:
China,
Governing Finance,
Green Finance,
Macroprudential Policy
China’s turn towards green financial governance has causes and consequences that are instructive for policymakers elsewhere. This paper traces the evolution of rules and regulations designed to guide China’s financial system towards supporting green firms and projects since the 1990s. It outlines four domestic reasons
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For PBOC’s New Green Lending Tool, Transparency and Verification Are Key
Sebastian Guo | 10 December 2021
Monetary,
Op-Eds | Tags:
Central Banks,
China,
Climate Change,
Targeted Refinancing Lines
Global efforts to expedite the transition to a sustainable future require a significant shift in financial flows. The institutions governing finance play a vital role in achieving this objective. Central banks stand at the heart of this endeavor and are increasingly rising to the challenge.
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Central Banks and Policy Coherence
23 November 2021 | Online
Monetary,
Roundtables | Tags:
Central Banks,
Financial Regulation,
Governing Finance
Modern central banks play an outsized role in our economic development through their central role in both monetary policy and financial regulation.
Many are now arguing that central banks should discharge their role in line with public policy on issues such as climate change, greening the
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Bridging the Disconnects – From Diagnosis to Action in Addressing Climate-Related Financial Risks
Alexander Barkawi | 29 October 2021
Monetary,
Blog | Tags:
Central Banks,
Climate Risks,
Financial Regulation,
Macroprudential Policy
When the Financial Stability Oversight Council (FSOC) published its Report on Climate-Related Financial Risk last week, it triggered a wide range of reactions. Some praised it as a critical step in moving climate risks up the agenda amongst FSOC members such as the US Treasury,
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