Divisions are forming among the world’s most influential central banks over their role in tackling climate change, as policymakers focus on reining in inflation.
The world promised progress at the Glasgow climate conference. Now it has to turn those promises into reality. A former senior UN official describes what to watch for in the coming year.
Central banks are paying attention to climate-related financial risks. They are beginning to incorporate them into their financial stability and economic analysis, and in stress tests for banks.
Macroeconomists and central bankers have been slow to focus on the new issues that climate change will bring to their policy deliberations. This is changing rapidly.
