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The Green Pivot: Central banks embracing green finance in rising numbers

Green central banking tries to integrate climate related risks into financial stability monitoring, and advise regulated entities to have a strategy to address climate change risks and have appropriate governance structures to manage them

September 28, 2021 / 08:57 AM IST
The Green Pivot: Central banks embracing green finance in rising numbers

AFP

The issue of climate change has rather quickly become central in discourse concerning global financial regulation. Till not so long ago, climate change and sustainable development were considered to be mainly the concern of civil society groups and environmentalists. Governments responded to them and passed laws mainly by way of responding to a political issue. Central banks, the guardians of financial stability and monetary policy, largely kept themselves outside of the process. But not any longer. Two speeches delivered earlier this...

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