{"id":54962,"date":"2021-06-01T16:08:25","date_gmt":"2021-06-01T15:08:25","guid":{"rendered":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?post_type=event&#038;p=54962"},"modified":"2021-06-17T14:00:11","modified_gmt":"2021-06-17T13:00:11","slug":"climate-neutral-central-banking-how-the-european-system-of-central-banks-can-support-the-transition-to-net-zero","status":"publish","type":"event","link":"https:\/\/www.lse.ac.uk\/granthaminstitute\/events\/climate-neutral-central-banking-how-the-european-system-of-central-banks-can-support-the-transition-to-net-zero\/","title":{"rendered":"Climate-neutral central banking: How the European System of Central Banks can support the transition to net-zero &#8211; video"},"content":{"rendered":"<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<?xml encoding=\"UTF-8\"><figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-4-3 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Climate-neutral central banking: report launch and panel discussion - 16 June 2021\" width=\"1200\" height=\"900\" src=\"https:\/\/www.youtube.com\/embed\/GMuzKGsUa58?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>The European Union has adopted the goal of becoming climate-neutral by 2050 &ndash; in other words, an economy with net-zero greenhouse gas emissions. While the primary policy responsibility for delivering this goal rests with the European Commission and the member states&rsquo; governments, the European Central Bank (ECB) and the EU&rsquo;s national central banks will also need to take action to complement, catalyse and amplify these net-zero policies within the financial system. The first signs that EU central banks are recognising the imperative of alignment with net-zero are beginning to emerge. A comprehensive approach is now required, not least as part of the ECB&rsquo;s strategy review. To make this happen, the European System of Central Banks (ESCB), with the ECB at its helm, needs to mainstream net-zero across all ESCB operations. Based on the ESCB&rsquo;s mandates, there is a compelling two-fold rationale for doing this: first, net-zero is the best way of minimising the risks of climate change to the stability of the EU economy and financial system; and second, EU central banks and supervisors need to ensure that their activities are coherent with the EU&rsquo;s and member states&rsquo; climate neutrality policies.&nbsp;<\/p>\n\n\n\n<p>This event serves to launch a&nbsp;<a href=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/climate-neutral-central-banking-how-the-european-system-of-central-banks-can-support-the-transition-to-net-zero\/\">new policy report<\/a>&nbsp;that sets out why central banks in the EU need to adopt net-zero strategies, and provides seven concrete recommendations for how they can.<\/p>\n\n\n\n<p><strong><em>Moderator<\/em><\/strong><em>:<\/em>&nbsp;Nick Robins, Professor in Practice for Sustainable Finance, LSE Grantham Research Institute on Climate Change and the Environment<\/p>\n\n\n\n<p><strong><em>Presentation of the report<\/em><\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Simon Dikau, Research Officer, LSE Grantham Research Institute on Climate Change and the Environment<\/li><li>Ulrich Volz, Director of the Centre for Sustainable Finance and Reader in Economics, SOAS University of London<\/li><\/ul>\n\n\n\n<p><strong><em>Panel discussion<\/em><\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Soledad Nu&ntilde;ez, Member of the Governing Council and Executive Commission of the Banco de Espa&ntilde;a&nbsp;<\/li><li>Dirk Schoenmaker, Professor of Banking and Finance at the Rotterdam School of Management&nbsp;<\/li><li>Laurence Tubiana, CEO of the European Climate Foundation &amp; Chair of the Board of Directors of Agence Fran&ccedil;aise de D&eacute;veloppement&nbsp;<\/li><\/ul>\n\n\n\n<p>This virtual launch event is jointly organised by the SOAS Centre for Sustainable Finance and the LSE Grantham Research Institute on Climate Change and the Environment.<\/p>\n\n","protected":false},"excerpt":{"rendered":"<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<?xml encoding=\"UTF-8\"><p>The European Union has adopted the goal of becoming climate-neutral by 2050 &ndash; in other words, an economy with net-zero&hellip;<\/p>\n\n","protected":false},"author":12,"featured_media":54847,"template":"","tags":[],"event-type":[1926],"topic_area":[],"class_list":["post-54962","event","type-event","status-publish","has-post-thumbnail","hentry","event-type-online-event"],"acf":{"exclude_from_sync":{"ref_value":"field_560538b0e7350","value":"0","type":false,"post_type":""},"start_date":{"ref_value":"field_52f56b18a98ba","value":"20210616","type":false,"post_type":""},"start_time":{"ref_value":"field_52f56b33a98bb","value":"16:00:00","type":false,"post_type":""},"end_date":{"ref_value":"field_52f56bb58f239","value":"20210616","type":false,"post_type":""},"end_time":{"ref_value":"field_52f56bd38f23a","value":"17:00:00","type":false,"post_type":""},"event_venue":{"ref_value":"field_531c65c575d35","value":"Online (via Zoom)","type":false,"post_type":""},"location":{"ref_value":"field_559cf9dc612b6","value":"","type":false,"post_type":""},"external_speaker":{"ref_value":"field_5374dcb208782","value":"Laurence Tubiana, Soledad Nu\u00f1ez, Dirk Schoenmaker, Simon Dikau, Ulrich Volz","type":false,"post_type":""},"eventbrite_link":{"ref_value":"field_52f59e0b20728","value":"","type":false,"post_type":""},"rss_newsletter":{"ref_value":"field_54f5c2c1544d8","value":"","type":false,"post_type":""},"profile_link":{"ref_value":"field_52f164b5189e9","value":["climate-neutral-central-banking-how-the-european-system-of-central-banks-can-support-the-transition-to-net-zero"],"type":"relationship","post_type":""},"spotlight":{"ref_value":"field_52f80896506d3","value":"","type":false,"post_type":""}},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Climate-neutral central banking: How the European System of Central Banks can support the transition to net-zero - video - Grantham Research Institute on climate change and the environment<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/events\/climate-neutral-central-banking-how-the-european-system-of-central-banks-can-support-the-transition-to-net-zero\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Climate-neutral central banking: How the European System of Central Banks can support the transition to net-zero - video - Grantham Research Institute on climate change and the environment\" \/>\n<meta property=\"og:description\" content=\"The European Union has adopted the goal of becoming climate-neutral by 2050 &ndash; 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