monetary policy
ECB must step up efforts to 'green' monetary policy, Schnabel says
The European Central Bank must adjust its monetary policy to make it more climate-friendly, even as it shrinks its bloated balance sheet to fight runaway inflation in the euro zone, ECB board member Isabel Schnabel said on Tuesday.
Aaron Regunberg: The Fed is neglecting its duty to contain climate risk
Global warming is introducing unprecedented risk into the financial system. The Fed has the power to limit that risk. Instead, Jerome Powell is sitting on his hands.
Photo by Joshua Woroniecki on Unsplash
Christian Lundblad: Climate change mitigation is vital–but it’s not part of the Fed’s mandate
Rather than continually trying to outsource its job, Congress should be leading the charge against climate change through legislation.
Photo by Etienne Martin on Unsplash
Annelise Riles: Central bankers should embrace the role of guardians of the future
With central banks now picking winners and losers, citizens should legitimately ask what criteria they use to do so, and call on bankers to establish responsible investing standards that contribute to a greater social good.
www.afr.com
RBA warns of 'abrupt, disorderly' effects of climate change
Reserve Bank deputy governor Guy Debelle has called for immediate action on climate change to avert an "abrupt, disorderly" economic transition.
www.bloomberg.com
‘Day Zero’ looms as Cape Town scrambles to tackle water crisis
With less than 80 days to go until “Day Zero,” when chronic water shortages may force Cape Town authorities to turn off the taps, officials are scrambling to persuade the city’s four million residents to slash consumption and put emergency plans in place should the supply be cut off.
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