Chinese monetary and financial authorities have been among the pioneers in promoting green finance. This article investigates the use of... Read more
central banks
The quest for ever-more data must not delay action to address climate risks, says economist Danae Kyriakopoulou, because the risk... Read more
How can we decarbonise international finance to deliver net-zero central banking? Nick Robins, Simon Dikau and Ulrich Volz present a roadmap for greening global finance. Read more
Nick Robins and Ma Jun examine how the financial sector should respond to the global biodiversity crisis, which, with climate change, is threatening the global economy. Read more
This report is intended as a stocktake of the current context for central bank and financial supervisory action on biodiversity loss. It sets out the state of understanding on the linkages between biodiversity-related risks and financial stability, provides examples of emerging central bank and private finance activity, and identifies key themes, challenges and open questions. Read more
Biodiversity is declining at unprecedented rates - and the economic and financial risks associated with this loss are growing. But there are steps that central banks and financial supervisors could take, finds a new report published today by a group of sustainable finance experts. Read more
Following the recent establishment of a Joint NGFS-INSPIRE Study Group on Biodiversity and Financial Stability by the Network for Greening the Financial System (NGFS) and INSPIRE, this vision paper sets out the rationale for the Study Group’s work, its initial agenda and its research focus. Read more
This policy report sets out why central banks in the EU need to adopt net-zero strategies, and provides seven concrete recommendations for how they can. Read more
Investigating the use of the green monetary policy tool ‘window guidance’ in China, the authors draw lessons for the design of green finance policies for other countries that seek to enhance sustainable finance and mitigate climate change and related risks. Read more
This article examines how addressing climate-related risks and supporting mitigation and adaptation policies fit into central bank mandates. We conduct... Read more