Net Zero Central Banking: report launch event - video
This virtual launch event is jointly organised by the LSE Grantham Research Institute on Climate Change and the Environment and the SOAS Centre for Sustainable Finance.
Reaching net-zero greenhouse gas emissions is a critical goal of climate policy. Across the world, growing numbers of governments are introducing targets and plans to achieve net-zero around the middle of this century. Alongside this, leading banks and investors are committing to align their portfolios with net-zero by 2050. So far, however, one group of financial actors is so far largely missing from this race to net-zero finance: the world’s central banks and financial supervisors.
Central banks and supervisors now need to take a strategic stance on net-zero. The rationale for doing this is two-fold and dynamic: first, recognising that net-zero is the best way of minimising the risks of climate change to stability of the financial system; and second, making sure that central bank and supervisory activities are coherent with net-zero government policy.
A new report, Net Zero Central Banking: A New Phase in Greening the Financial System outlines the case for why central banks and supervisors need to act on net-zero and how they could start doing this. This digital event will bring together the report’s authors and leading figures in the financial system.
Chair: Baroness Minouche Shafik, Director of the London School of Economics and Political Science
Presentation of the report:
- Nick Robins, Professor in Practice for Sustainable Finance, LSE Grantham Research Institute on Climate Change and the Environment (co-author)
- Luiz Awazu Pereira da Silva, Deputy General Manager, BIS
- Sarah Breeden, Executive Director & responsible for climate change, Bank of England
- Ulrich Volz, Director, Centre for Sustainable Finance, SOAS (co-author)