Elderson says authorities should use Covid-19 to boost green transition
Aid to aviation sector should be conditioned on moving away from carbon dioxide emissions
Authorities worldwide should use the Covid-19 crisis as an opportunity to accelerate the transition towards a greener economic system, Frank Elderson said on April 29.
The chairman of the Network of Central Banks and Supervisors for Greening the Financial System (NGFS) stressed: “We should frontload already identified green investment programmes such as the EC [European Commission] Green Deal and the Climate Agreement in the Netherlands.”
Elderson added: “We should make sure that public
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com test test test
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com test test test
More on Economics
Manufacturing will not be jobs engine in US – St Louis Fed study
Authors say periods of rising productivity in sector have been accompanied by drops in employment
Tariffs may permanently raise medical goods costs – NBER study
Research also finds that trade barriers can worsen domestic supply shortages
US inflation expectations hold steady in November – NY Fed
Latest survey shows increasing concerns over medical costs and financial welfare more generally
Public backstop complements private liquidity – BoE paper
Wholesale funding conditions improve even without banks tapping lending facilities, researchers find
Minimum haircuts must be carefully designed – BIS bulletin
Funding- and collateral-driven trades incentivise different repo terms, authors point out
Rise of NBFIs suggests gradualism is best policy – BIS bulletin
Institutions’ uncertain effects on transmission warrant flexibility from central banks, says study
Private liquidity insurance improves stability – BIS study
Yet prospect of central bank interventions can crowd out market, authors say
Lagarde says talk of AI bubble misses ‘bigger picture’
ECB president, a former AI sceptic, now believes not embracing it could ‘jeopardise Europe’s future’