Green finance
Hungary’s central bank completes carbon capture programme
MNB expects 75% reduction in emissions by end of 2025
Central banks continue climate action despite political pressure
Reserve managers are expanding green investments, as some incorporate “double materiality”
Central banks face challenges in diversifying reserves
Gold could gain in popularity despite carbon challenges as renminbi faces problems, panellists say
HKMA publishes sustainable finance taxonomy
Hong Kong extends scope of green bond subsidy and develops climate risk assessment tool
MAS to spend $25 million on sustainable finance training
Singaporean central bank says local universities are providing more courses in the field
European banks less likely to lend to green firms, says ECB paper
Public guarantee loans can help lower-carbon firms access bank credit, research finds
Green bonds have negative premium, Italian study finds
Negative “greenium” widened during Covid-19 pandemic, researchers say
ECB official apologises for ‘reprogramming’ remarks
Elderson tells staff he believes in open debate on environmental matters after outcry
BoE paper models impact of fossil fuel ban
Degree to which renewables could replace petrol and gas would be key factor, research says
Philippine central bank launches sustainable finance taxonomy
BSP is Asia’s latest monetary authority to set out framework to help tackle climate crisis
Belgian governor calls for rethink of EU climate policy
Transition to lower-carbon economy will create losers as well as winners, Wunsch says
Monetary policy likely to be weak climate tool – Bank of Spain paper
Model finds central banks are likely to prioritise price stability over reducing carbon emissions
Borio and Zöllner to depart BIS in 2024
Hyun Song Shin and Luis Bengoechea will fill roles left by top economist and banker
Bundesbank paper looks at role of carbon emissions disclosures
Obliging firms to increase transparency boosts low-carbon investment, researchers find
ECB paper examines firms’ response to carbon trading
Policy-makers should use subsidies for green innovation alongside carbon credits, researchers argue
MAS bolsters efforts on transition finance
Central bank issues new taxonomy and will work on phasing out coal
Basel Committee mulls mandatory climate disclosures
Proposals envisage ‘iterative process‘ of adding climate risks to Basel framework
IMF’s Adrian says world needs $5 trillion annual climate funding by 2030
Multilateral banks working to ‘crowd in’ private finance to meet need
RBNZ unveils climate stress-test scenario
New Zealand’s largest lenders will be tested on exposure to extreme weather and transition costs
ECB paper analyses carbon pricing schemes
Rising compliance costs can push firms away from green innovation, paper finds
Carney to co-chair World Bank investment panel
“Investment Lab” tasked with overcoming barriers to investment, including in climate finance