With a new, deepened mandate to support a nature-positive economy, here’s what the Bank of England can do next
Photo: Dan Smedley, Unsplash
The 2024 remit letters from the UK Treasury to the Bank of England encourage a significant shift in the latter’s role by explicitly incorporating nature-related risks into its responsibilities across the Monetary Policy, Financial Policy and Prudential Regulation Committees. This commentary from the Centre for Economic Transformation Expertise examines the possibilities for the Bank to achieve a greater balancing of economic stability with climate resilience and environmental stewardship.