Green Central Banking

Green Central Banking’s Emma Thomasson asked leading climate experts, economists and nonprofits what central bankers and financial regulators should focus on in 2025. Read the full story: GreenCB.co/3BLQ09p #GreenFinance #ClimatePolicy #CentralBanking #SustainableFinance #ClimateAction #RenewableInvestments

#TopStories2024 In Feb ‘24 we reported that Indonesia’s financial regulator unveiled a new version of its green investment taxonomy which categorises some coal-fired power plants as contributors to the low-carbon transition, sparking criticism from environmental campaigners. GreenCB.co/42RISl4

#TopStories2024 🇪🇺In January ‘24 Positive Money Europe's Vicky Van Eyck explained how dual interest rates have been used before and how the European Central Bank can use them to spur the transition to net zero. GreenCB.co/3vrgrOi

#TopStories2024 In May Peter McKillop of our partner site Climate & Capital Media wrote about how commercial bank lending to fossil fuel companies declined in 2023, but the shortfall was made up by other forms of financing. GreenCB.co/3QV89Gc

#TopStories2024 🇦🇿 In the run up to #Cop29, we reported that, with over 50 taxonomies in use globally, the Central Bank of Azerbaijan was planning to propose a single green taxonomy at Cop29 in November. GreenCB.co/3XagXdR #GreenTaxonomy

#TopStories2024 🇪🇺 Early in 2024 we reported that European Central Bank board member Isabel Schnabel said the bank could consider dual interest rates for green lending. https://lnkd.in/eRv65aMb

#TopStories2024 In April Katy Lee reported that the Association of Southeast Asian Nations (Asean) has released the third version of its green investment taxonomy. Asean spans a region of huge diversity from high-tech Singapore to developing nations like Myanmar - which makes its push for a shared green investment taxonomy a fascinating challenge. Eugene Wong, CEO, Sustainable Finance Institute Asia, which hosts the Asean Taxonomy Board, said, "We had a lot of stakeholders from out of the region who said, ‘You guys will never agree, don't waste your time’." Yet the Asean taxonomy has now evolved to its third version since work began three years ago. Green Central Banking took a look at the latest version of the taxonomy and the process behind it. GreenCB.co/43UThNB #ASEAN #greentaxonomy

#TopStories2024 📉 In March ‘24 Blair Bateson and Steven M. Rothstein of Ceres, Inc. asked, will climate risk trigger the next great financial crisis? They point out that - just as in the 2008 crisis - many financial institutions underestimate the speed of climate risk impact. Only this time, the stakes are even higher. In just 25 years, climate risk could cost the global economy $23tn annually, slashing global economic growth by between 11% and 14% according to estimates by global insurer Swiss Re. Read the full story >> GreenCB.co/3xgumYx

#TopStories2024 📢 Back in May we reported that the Basel Committee had incorporated climate risks into an update of its core principles. GreenCB.co/3y2x2cE

#TopStories2024 🇪🇺 In February ‘24 the EU’s corporate due diligence rule hit a roadblock, leading to questions about whether financial institutions lending activities will be included. GreenCB.co/49hSO9P