NGFS moving from climate ‘awareness to action’ – MAS’s Menon

Net-zero transition has been “tepid” despite the limited time remaining, MAS chief says

Ravi Menon
Ravi Menon
Photo: Institute of Policy Studies/Flickr

Central banks are moving from “awareness” of climate change to “action”, but there is not much time left, Ravi Menon said today (May 31).

Menon – head of the Monetary Authority of Singapore and chair of the Network for Greening the Financial System (NGFS) – said there had only been a “tepid transition” towards net-zero carbon emissions so far. He said the world was “far from” achieving the reduction in emissions needed to prevent average temperatures rising more than 1.5°C above pre-industrial

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