{"id":54540,"date":"2021-04-27T15:47:13","date_gmt":"2021-04-27T14:47:13","guid":{"rendered":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?post_type=publication&#038;p=54540"},"modified":"2024-08-16T12:23:17","modified_gmt":"2024-08-16T11:23:17","slug":"central-bank-mandates-sustainability-objectives-and-the-promotion-of-green-finance","status":"publish","type":"publication","link":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/central-bank-mandates-sustainability-objectives-and-the-promotion-of-green-finance\/","title":{"rendered":"Central bank mandates, sustainability objectives and the promotion of green finance"},"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>This article examines how addressing climate-related risks and supporting mitigation and adaptation policies fit into central bank mandates. We conduct an analysis of mandates and objectives using the IMF&rsquo;s Central Bank Legislation Database and compare these to sustainability-related policies central banks have adopted in practice. Out of 135 central banks, only 12% have explicit sustainability mandates, while 40% are mandated to support the government&rsquo;s policy priorities, which mostly include sustainability goals. However, given that climate risks can directly affect central banks&rsquo; traditional core responsibilities, all institutions ought to incorporate climate-related physical and transition risks into their policy frameworks to safeguard macro-financial stability.<\/p>\n\n\n\n<p><strong><em>Simon Dikau, Ulrich Volz, Central bank mandates, sustainability objectives and the promotion of green finance, Ecological Economics, Volume 184, 2021, 107022, ISSN 0921-8009,<br>https:\/\/doi.org\/10.1016\/j.ecolecon.2021.107022.<\/em><\/strong><\/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 article examines how addressing climate-related risks and supporting mitigation and adaptation policies fit into central bank mandates. We conduct&hellip;<\/p>\n\n","protected":false},"author":12,"featured_media":0,"template":"","tags":[1158,1032],"publication-type":[436],"topic_area":[4712,4713],"class_list":["post-54540","publication","type-publication","status-publish","hentry","tag-central-banks","tag-green-finance","publication-type-research-articles","topic_area-central-banks-and-other-financial-institutions","topic_area-global-financial-system"],"acf":{"exclude_from_sync":{"ref_value":"field_560538b0e7350","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":["simon-dikau","ulrich-volz"],"type":"relationship","post_type":"profile"},"article_link":{"ref_value":"field_52eee3c7f0586","value":"https:\/\/www.sciencedirect.com\/science\/article\/pii\/S092180092100080X?dgcid=author","type":false,"post_type":""},"article_link_title":{"ref_value":"field_5322399d89d42","value":"External link to paper","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 v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Central bank mandates, sustainability objectives and the promotion of green finance - 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\/publication\/central-bank-mandates-sustainability-objectives-and-the-promotion-of-green-finance\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Central bank mandates, sustainability objectives and the promotion of green finance - Grantham Research Institute on climate change and the environment\" \/>\n<meta property=\"og:description\" content=\"This article examines how addressing climate-related risks and supporting mitigation and adaptation policies fit into central bank mandates. 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