Leapfrogging to a New Energy Future: Economic Policies for Affordable, Secure and Clean Energy in Ukraine
Anhelina Dombrovska and
Patrick Lenain | 24 July 2024
Fiscal,
Policy Briefs | Tags:
Energy,
Fossil Fuel Subsidies,
Renewables,
Ukraine
With well-designed reforms, international support, private investment – and, crucially, peace – Ukraine can leapfrog to a sustainable energy future. At present, decisionmakers in the energy sector are fighting day-to-day battles to keep the lights on and houses warm. Winning these daily battles and setting
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The Basel Committee’s Revised Core Principles for Effective Banking Supervision: Addressing Climate-Related Financial Risks in ASEAN+3
Aziz Durrani and
Julia Anna Bingler | 5 June 2024
Monetary,
Policy Briefs | Tags:
ASEAN+3,
BCBS,
Climate Risks,
Financial Supervision,
Macroprudential Policy
This policy brief provides a detailed overview of the guidance that the Basel Committee on Banking Supervision (BCBS) has provided to financial institutions and their supervisors, in relation to assessing, quantifying and managing climate risks under Pillars I, II and III of the Basel framework.
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Monetary Policy and Climate Change – Distinguishing Between a Protective and a Proactive Agenda
Timothy Lane | 4 June 2024
Monetary,
Policy Briefs | Tags:
Central Banks,
Climate Risks,
Governing Finance
Central banks in many economies are striving to take account of climate change in their policies and operations. In this context, the important distinction between a protective agenda versus a proactive agenda is often blurred.
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What Should Bank Supervisors Do About Climate Risks?
Mark E. Levonian | 4 June 2024
Monetary,
Policy Briefs | Tags:
Central Banks,
Climate Risks,
Financial Supervision,
Governing Finance
This paper considers the role of bank supervisory authorities with respect to climate change. The emerging consensus is that financial supervisors and regulators must address climate-related risks to banks and other financial institutions. The paper discusses potentially productive avenues for doing that in the near
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