{"id":76187,"date":"2024-11-22T15:07:44","date_gmt":"2024-11-22T15:07:44","guid":{"rendered":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?post_type=news&#038;p=76187"},"modified":"2024-11-27T10:26:52","modified_gmt":"2024-11-27T10:26:52","slug":"with-a-new-deepened-mandate-to-support-a-nature-positive-economy-heres-what-the-bank-of-england-can-do-next","status":"publish","type":"news","link":"https:\/\/www.lse.ac.uk\/granthaminstitute\/news\/with-a-new-deepened-mandate-to-support-a-nature-positive-economy-heres-what-the-bank-of-england-can-do-next\/","title":{"rendered":"With a new, deepened mandate to support a nature-positive economy, here\u2019s what the Bank of England can do next"},"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\"><p>The 2024 remit letters from the UK Treasury to the Bank of England encourage a significant shift in the latter&rsquo;s role by explicitly incorporating nature-related risks into its responsibilities across the <a class=\"link link--external\" href=\"https:\/\/www.gov.uk\/government\/publications\/monetary-policy-remit-mansion-house-2024\/monetary-policy-remit-mansion-house-2024\" aria-describedby=\"link-description-new-window\" target=\"_blank\" rel=\"noopener\" title=\"\">Monetary Policy&#65279;<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 16 16\" role=\"img\" aria-hidden=\"true\"><path d=\"M14.42 1.04L3.2.7a.8.8 0 00-.8.76v.1a.8.8 0 00.76.7l9.39.3L.93 14.16c-.3.3-.3.8 0 1.1l.09.08c.3.23.73.2 1.01-.07L13.65 3.65l.29 9.4a.8.8 0 00.8.76.79.79 0 00.77-.8L15.17 1.8a.82.82 0 00-.75-.76z\" fill=\"#2e3152\"><\/path><\/svg><\/a>, <a class=\"link link--external\" href=\"https:\/\/assets.publishing.service.gov.uk\/media\/6737146da1972150bf3e5d3e\/FPC_Remit_2024_-_FINAL.pdf\" aria-describedby=\"link-description-new-window\" target=\"_blank\" rel=\"noopener\" title=\"\">Financial Policy&#65279;<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 16 16\" role=\"img\" aria-hidden=\"true\"><path d=\"M14.42 1.04L3.2.7a.8.8 0 00-.8.76v.1a.8.8 0 00.76.7l9.39.3L.93 14.16c-.3.3-.3.8 0 1.1l.09.08c.3.23.73.2 1.01-.07L13.65 3.65l.29 9.4a.8.8 0 00.8.76.79.79 0 00.77-.8L15.17 1.8a.82.82 0 00-.75-.76z\" fill=\"#2e3152\"><\/path><\/svg><\/a> and <a class=\"link link--external\" href=\"https:\/\/www.gov.uk\/government\/publications\/recommendations-for-the-prudential-regulation-committee-november-2024\/recommendations-for-the-prudential-regulation-committee-html\" aria-describedby=\"link-description-new-window\" target=\"_blank\" rel=\"noopener\" title=\"\">Prudential Regulation&#65279;<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 16 16\" role=\"img\" aria-hidden=\"true\"><path d=\"M14.42 1.04L3.2.7a.8.8 0 00-.8.76v.1a.8.8 0 00.76.7l9.39.3L.93 14.16c-.3.3-.3.8 0 1.1l.09.08c.3.23.73.2 1.01-.07L13.65 3.65l.29 9.4a.8.8 0 00.8.76.79.79 0 00.77-.8L15.17 1.8a.82.82 0 00-.75-.76z\" fill=\"#2e3152\"><\/path><\/svg><\/a> 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.<\/p>\n\n\n\n<p><a class=\"link link--external\" rel=\"noopener\" href=\"https:\/\/cetex.org\/publications\/with-a-new-deepened-mandate-to-support-a-nature-positive-economy-heres-what-the-bank-of-england-can-do-next\/\" aria-describedby=\"link-description-new-window\" target=\"_blank\" title=\"\">External link to commentary&#65279;<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 16 16\" role=\"img\" aria-hidden=\"true\"><path d=\"M14.42 1.04L3.2.7a.8.8 0 00-.8.76v.1a.8.8 0 00.76.7l9.39.3L.93 14.16c-.3.3-.3.8 0 1.1l.09.08c.3.23.73.2 1.01-.07L13.65 3.65l.29 9.4a.8.8 0 00.8.76.79.79 0 00.77-.8L15.17 1.8a.82.82 0 00-.75-.76z\" fill=\"#2e3152\"><\/path><\/svg><\/a><\/p>\n\n\n\n<p><\/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>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.<\/p>\n\n","protected":false},"author":23,"featured_media":76189,"template":"","tags":[],"news-category":[16],"topic_area":[4712],"class_list":["post-76187","news","type-news","status-publish","has-post-thumbnail","hentry","news-category-20-commentary","topic_area-central-banks-and-other-financial-institutions"],"acf":{"exclude_from_sync":{"ref_value":"field_560538b0e7350","value":"1","type":false,"post_type":""},"show_translations_widget":{"ref_value":"field_6203d588c41e8","value":"0","type":false,"post_type":""},"downloads":{"ref_value":"field_52f16cc1a80f2","value":false,"type":"repeater","post_type":""},"rss_newsletter":{"ref_value":"field_54f5c2c1544d8","value":"","type":false,"post_type":""},"profile_link":{"ref_value":"field_52f164b5189e9","value":["elena-almeida","simon-dikau","maria-waaifoort"],"type":"relationship","post_type":"profile"},"article_link":{"ref_value":"field_52eee3c7f0586","value":"","type":false,"post_type":""},"article_link_title":{"ref_value":"field_5322399d89d42","value":"","type":false,"post_type":""},"spotlight":{"ref_value":"field_52f80896506d3","value":"","type":false,"post_type":""}},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>With a new, deepened mandate to support a nature-positive economy, here\u2019s what the Bank of England can do next - Grantham Research Institute on climate change and the environment<\/title>\n<meta name=\"description\" content=\"This commentary examines the possibilities for the Bank\u2019s monetary, financial and prudential remits to achieve a greater balancing of economic stability with climate resilience and environmental stewardship.\" \/>\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\/news\/with-a-new-deepened-mandate-to-support-a-nature-positive-economy-heres-what-the-bank-of-england-can-do-next\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"With a new, deepened mandate to support a nature-positive economy, here\u2019s what the Bank of England can do next - Grantham Research Institute on climate change and the environment\" \/>\n<meta property=\"og:description\" content=\"This commentary examines the possibilities for the Bank\u2019s monetary, financial and prudential remits to achieve a greater balancing of economic stability with climate resilience and environmental stewardship.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/news\/with-a-new-deepened-mandate-to-support-a-nature-positive-economy-heres-what-the-bank-of-england-can-do-next\/\" \/>\n<meta property=\"og:site_name\" content=\"Grantham Research Institute on climate change and the environment\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-27T10:26:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-content\/uploads\/2024\/11\/dan-smedley-unsplash-scottish-highlands-smaller.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/news\\\/with-a-new-deepened-mandate-to-support-a-nature-positive-economy-heres-what-the-bank-of-england-can-do-next\\\/\",\"url\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/news\\\/with-a-new-deepened-mandate-to-support-a-nature-positive-economy-heres-what-the-bank-of-england-can-do-next\\\/\",\"name\":\"With a new, deepened mandate to support a nature-positive economy, here\u2019s what the Bank of England can do next - Grantham Research Institute on climate change and the environment\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/news\\\/with-a-new-deepened-mandate-to-support-a-nature-positive-economy-heres-what-the-bank-of-england-can-do-next\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/news\\\/with-a-new-deepened-mandate-to-support-a-nature-positive-economy-heres-what-the-bank-of-england-can-do-next\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/dan-smedley-unsplash-scottish-highlands-smaller.jpg\",\"datePublished\":\"2024-11-22T15:07:44+00:00\",\"dateModified\":\"2024-11-27T10:26:52+00:00\",\"description\":\"This commentary examines the possibilities for the Bank\u2019s monetary, financial and prudential remits to achieve a greater balancing of economic stability with climate resilience and environmental stewardship.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/news\\\/with-a-new-deepened-mandate-to-support-a-nature-positive-economy-heres-what-the-bank-of-england-can-do-next\\\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/news\\\/with-a-new-deepened-mandate-to-support-a-nature-positive-economy-heres-what-the-bank-of-england-can-do-next\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/news\\\/with-a-new-deepened-mandate-to-support-a-nature-positive-economy-heres-what-the-bank-of-england-can-do-next\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/dan-smedley-unsplash-scottish-highlands-smaller.jpg\",\"contentUrl\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/dan-smedley-unsplash-scottish-highlands-smaller.jpg\",\"width\":1200,\"height\":800,\"caption\":\"Photo: Dan Smedley, Unsplash\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/news\\\/with-a-new-deepened-mandate-to-support-a-nature-positive-economy-heres-what-the-bank-of-england-can-do-next\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"News & commentaries\",\"item\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/news-and-commentary\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Commentary\",\"item\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/news-category\\\/20-commentary\\\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"With a new, deepened mandate to support a nature-positive economy, here\u2019s what the Bank of England can do next\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/#website\",\"url\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/\",\"name\":\"Grantham Research Institute on climate change and the environment\",\"description\":\"The Grantham Research Institute at LSE carries out world-class research on climate change and the environment.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"With a new, deepened mandate to support a nature-positive economy, here\u2019s what the Bank of England can do next - Grantham Research Institute on climate change and the environment","description":"This commentary examines the possibilities for the Bank\u2019s monetary, financial and prudential remits to achieve a greater balancing of economic stability with climate resilience and environmental stewardship.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.lse.ac.uk\/granthaminstitute\/news\/with-a-new-deepened-mandate-to-support-a-nature-positive-economy-heres-what-the-bank-of-england-can-do-next\/","og_locale":"en_GB","og_type":"article","og_title":"With a new, deepened mandate to support a nature-positive economy, here\u2019s what the Bank of England can do next - Grantham Research Institute on climate change and the environment","og_description":"This commentary examines the possibilities for the Bank\u2019s monetary, financial and prudential remits to achieve a greater balancing of economic stability with climate resilience and environmental stewardship.","og_url":"https:\/\/www.lse.ac.uk\/granthaminstitute\/news\/with-a-new-deepened-mandate-to-support-a-nature-positive-economy-heres-what-the-bank-of-england-can-do-next\/","og_site_name":"Grantham Research Institute on climate change and the environment","article_modified_time":"2024-11-27T10:26:52+00:00","og_image":[{"width":1200,"height":800,"url":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-content\/uploads\/2024\/11\/dan-smedley-unsplash-scottish-highlands-smaller.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/news\/with-a-new-deepened-mandate-to-support-a-nature-positive-economy-heres-what-the-bank-of-england-can-do-next\/","url":"https:\/\/www.lse.ac.uk\/granthaminstitute\/news\/with-a-new-deepened-mandate-to-support-a-nature-positive-economy-heres-what-the-bank-of-england-can-do-next\/","name":"With a new, deepened mandate to support a nature-positive economy, here\u2019s what the Bank of England can do next - Grantham Research Institute on climate change and the environment","isPartOf":{"@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/news\/with-a-new-deepened-mandate-to-support-a-nature-positive-economy-heres-what-the-bank-of-england-can-do-next\/#primaryimage"},"image":{"@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/news\/with-a-new-deepened-mandate-to-support-a-nature-positive-economy-heres-what-the-bank-of-england-can-do-next\/#primaryimage"},"thumbnailUrl":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-content\/uploads\/2024\/11\/dan-smedley-unsplash-scottish-highlands-smaller.jpg","datePublished":"2024-11-22T15:07:44+00:00","dateModified":"2024-11-27T10:26:52+00:00","description":"This commentary examines the possibilities for the Bank\u2019s monetary, financial and prudential remits to achieve a greater balancing of economic stability with climate resilience and environmental stewardship.","breadcrumb":{"@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/news\/with-a-new-deepened-mandate-to-support-a-nature-positive-economy-heres-what-the-bank-of-england-can-do-next\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.lse.ac.uk\/granthaminstitute\/news\/with-a-new-deepened-mandate-to-support-a-nature-positive-economy-heres-what-the-bank-of-england-can-do-next\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/news\/with-a-new-deepened-mandate-to-support-a-nature-positive-economy-heres-what-the-bank-of-england-can-do-next\/#primaryimage","url":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-content\/uploads\/2024\/11\/dan-smedley-unsplash-scottish-highlands-smaller.jpg","contentUrl":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-content\/uploads\/2024\/11\/dan-smedley-unsplash-scottish-highlands-smaller.jpg","width":1200,"height":800,"caption":"Photo: Dan Smedley, Unsplash"},{"@type":"BreadcrumbList","@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/news\/with-a-new-deepened-mandate-to-support-a-nature-positive-economy-heres-what-the-bank-of-england-can-do-next\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.lse.ac.uk\/granthaminstitute\/"},{"@type":"ListItem","position":2,"name":"News & commentaries","item":"https:\/\/www.lse.ac.uk\/granthaminstitute\/news-and-commentary\/"},{"@type":"ListItem","position":3,"name":"Commentary","item":"https:\/\/www.lse.ac.uk\/granthaminstitute\/news-category\/20-commentary\/"},{"@type":"ListItem","position":4,"name":"With a new, deepened mandate to support a nature-positive economy, here\u2019s what the Bank of England can do next"}]},{"@type":"WebSite","@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/#website","url":"https:\/\/www.lse.ac.uk\/granthaminstitute\/","name":"Grantham Research Institute on climate change and the environment","description":"The Grantham Research Institute at LSE carries out world-class research on climate change and the environment.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"}]}},"taxonomies":{"news-category":["Commentary"],"topic_area":["Central banks and other financial institutions"]},"featured_image_src":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-content\/uploads\/2024\/11\/dan-smedley-unsplash-scottish-highlands-smaller.jpg","_links":{"self":[{"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/news\/76187","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/types\/news"}],"author":[{"embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/users\/23"}],"version-history":[{"count":2,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/news\/76187\/revisions"}],"predecessor-version":[{"id":76272,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/news\/76187\/revisions\/76272"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/media\/76189"}],"wp:attachment":[{"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/media?parent=76187"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/tags?post=76187"},{"taxonomy":"news-category","embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/news-category?post=76187"},{"taxonomy":"topic_area","embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/topic_area?post=76187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}