Green Central Banking

No longer posting on X - find us on Linkedin and Bluesky. #GreenCentralBanking – central banking and climate change.

Owned by Global 2050.

[Green Central Banking @greenCB]

The EU omnibus removed the obligation for companies to adopt a climate transition plan. But that does not mean banks no longer need transition plans, experts say.

https://t.co/Zzgzb4iBMj

[Green Central Banking @greenCB]

#GreenCentralBanking roundup:

🇳🇬 Climate risk is financial risk, says Central Bank of Nigeria governor
🇪🇺 ECB staff flag concerns over simplified sustainability reporting standards
��🇺 Australia launches sustainable investment labelling consultation

https://t.co/IpiVWBAfJP

[Green Central Banking @greenCB]

Without clearer criteria and metrics in adaptation taxonomies, Asia risks widening its climate financing gap, warns a new report by the Institute for Energy Economics and Financial Analysis (IEEFA).

https://t.co/mgVmqHpyNL

[Green Central Banking @greenCB]

Almost half the world’s population will be living with extreme heat by 2050, according to a new study.

The economic impact could be felt soon in developing countries due to rising demand for energy to power air conditioning.

https://t.co/VYLVwWZFfQ

[Green Central Banking @greenCB]

🇪🇺 The @ECB has issued a second fine for not adequately assessing climate and environmental risks. A €7.6mn periodic penalty payment was issued to Crédit Agricole on Friday for failing to meet a materiality assessment for 75 days in 2024.

https://t.co/JAktcSYJo0

[Green Central Banking @greenCB]

Despite the protection gap closing slightly in some parts of the world, Asia’s emerging markets remain among the least insured against extreme weather risks.

https://t.co/CWDyVZECqT

[Green Central Banking @greenCB]

🇪🇺 The @ECB executive board is facing a reshuffle in the next few years, @MoriahCosta looks at how the changes might shift how the bank thinks about climate?

https://t.co/JGlFfAs9ib

[Green Central Banking @greenCB]

#GreenCentralBanking roundup:

🇯🇲 Jamaica’s sovereign rating holds thanks to disaster preparedness
🇮🇳 India defers climate disclosure rules for banks
🇬🇧 FCA proposes phased approach for UK sustainability standards

And more 👇

https://t.co/5v7Kna56EA

[Green Central Banking @greenCB]

After several years of issuing guidance and repeatedly calling on banks to take climate and environmental risk management seriously, the @ECB is moving from guidance and expectations to enforcement, says Michael Horvath.

https://t.co/utkV3z7GWC

[Green Central Banking @greenCB]

🇺🇸🇨🇳 @ClimateandCap’s @PeterMcKillop takes a look at how Kevin Warsh’s “Contraband” climate doctrine could hand China a green finance edge.

https://t.co/N5tdfOCND5

[Green Central Banking @greenCB]

Regulators need to move beyond traditional economic models to assess and understand the devastating and compounding impacts of climate change, a study from the @UniofExeter, @CarbonBubble and Aurora Trust found.

https://t.co/7eYbFGO6By

[Green Central Banking @greenCB]

Hong Kong has become the latest country in Asia to introduce a transition category to its taxonomy, as part of efforts to raise more capital for the decarbonisation of high-emitting sectors in the city, as well as across China and the rest of the region.

https://t.co/cIcs454L6O

[Green Central Banking @greenCB]

🇺🇸 US designs on Venezuela and Greenland have raised questions about the future of the petrodollar system, as other countries explore other currencies and green energy becomes cheaper than oil, writes @IngridWSS.

https://t.co/Mm47JfqAT8

[Green Central Banking @greenCB]

🇨🇦 A new kind of lawsuit is holding the Canada Pension Plan Investment Board to account for fossil fuel investments, say campaigners Cheryl Randall and Patrick DeRochie of @ActionShift.

https://t.co/TDZ9dWXzY1

[Green Central Banking @greenCB]

#GreenCentralBanking roundup:

✅ NGFS unpacks policy options for greening monetary policy
🇪🇺 ECB finds physical climate risks significantly underestimated
📋 African nations move faster than peers in adopting ISSB standards

And more 👇

https://t.co/6R9REDsENs

[Green Central Banking @greenCB]

🇨🇳 China has finalised its first national climate disclosure standard, which now ties corporate reporting to national targets.

https://t.co/PGAUea6Z6P

[Green Central Banking @greenCB]

Geopolitical tensions around crises such as Greenland and Venezuela should bolster the case for the transition away from fossil fuels, even as the shift creates new rivalries around critical minerals needed for renewable energy technologies, experts say.

https://t.co/RwIEtAYtGg

[Green Central Banking @greenCB]

🇺🇸 Most major US public pensions are failing to make investments that help reduce emissions and protect their members’ retirement savings from rising climate risks, according to a report by the @SierraClub.

https://t.co/z3i1L9yawA

[Green Central Banking @greenCB]

Our partners at @PositiveMoneyUK are looking for consultants to support the next Asia edition of the Green Central Banking Scorecard.

Details & how to apply:
https://t.co/0YwhbcHh2B

[Green Central Banking @greenCB]

Central banks should create a new carbon reward asset to help fund the net zero transition, according to a new proposal from @CarbonReward (GCR).

@ethomasson spoke to Delton Chen, GCR executive director and founder, to find out more.

https://t.co/V3YTGxaLMu