monetary policy

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ECB must step up efforts to 'green' monetary policy, Schnabel says

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 climate opinion

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.
federal reserve christian lundblad climate

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.

Annelise Riles climate banking opinion

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.
RBA warns of 'abrupt, disorderly' effects of climate change
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.
‘Day Zero’ looms as Cape Town scrambles to tackle water crisis
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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