Nordic central banks stress limits to tackling climate change
Central banks face challenges in greening reserves management and monetary policy
Nordic central banks highlighted the role their institutions can play in tackling climate change – but also the limits of central bank action – at a meeting organised by Norges Bank on October 25.
Deputy governors of the central banks of Denmark, Finland, Iceland, Norway and Sweden came together to analyse the work their institutions are carrying out regarding climate change. But they also stressed governments and parliaments have the democratic legitimacy and tools to be more effective in this
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