PBoC’s Yi says central banks can contribute to net zero
Mandatory disclosures and stress tests are needed to incentivise market’s transition to green economy
The People’s Bank of China plans to mandate climate risk disclosures as part of its efforts to incentivise the financial market to address climate change risk.
In a speech on April 15, governor Yi Gang said central banks had a role to play in providing financial firms with “policy incentives” to make their businesses more sustainable.
“Central banks could contribute to the net zero goal in many ways, such as developing a strong policy system, a diversified market system and enhancing
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