Assessing the Bank of England’s climate risk collateral reforms for their greening potential
Credit: Alex Shuper, Unsplash
By updating its collateral framework to reflect climate risks, the Bank of England not only protects its balance sheet but also encourages greener mortgage lending by commercial banks – but there is room to go further and complementary Government policy is needed to ensure equitable outcomes, write Irene Claeys, Ram Suresh Kumar and David Barmes in this CETEx commentary.