Bank of England should have ‘green’ mandate – report
Activist group says BoE should put climate sustainability on par with price stability
The Bank of England should have a mandate and specific tools to actively promote the transition to a low-carbon economy, a report published by activist group Positive Money has proposed.
Launched today (May 15), A Green Bank of England assesses how central banks – and specifically the BoE – are tackling climate change, recommending policy actions from the disclosure of investments to mandate changes.
“The Chancellor of the Exchequer should update the remit for the [monetary policy committee]
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