BoE warns banks: start preparing for a higher carbon price

Carbon price up

The financial industry should plan for the arrival of a uniformly higher carbon price, irrespective of the speed of government action on the issue, a senior regulator at the Bank of England has said, adding that carbon pricing would play a significant role in the bank’s forthcoming climate stress-testing of large banks and insurers.

“Just because there isn’t a [carbon] price that has been set by governments doesn’t mean that we, as financial professionals, should think that price is zero,”

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 [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: