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Seminar on sustainability and opportunities for global public investors
Launch of the 6th annual Global Public Investor: Sustainability panel discussion
Workshop at the Asian Development Bank annual meeting
The role of central banks in greening the financial system
In Paris, a group of economists and politicians including former prime ministers, came up with the idea of using a new bank and the private sector to encourage investment in climate change projects. They urged President Emmanuel Macron to make the creation of a European Bank for carbon-free economic investment a top EU policy goal. Just moving to electric cars or equipping homes with better insulation and double-glazing constitute multi-billion-pound projects.
A roundtable with Patrick Suckling, ambassador for the environment, DFAT
A roundtable discussion with Peter Estlin, lord mayor of the City of London.
Geographic inequality and the rise of economic hubs
As 1,500 private jets flew into Davos to discuss climate change, the Central Banks' and Supervisors' Network for Greening the Financial System was meeting in Mexico. The network believes climate change is not only a threat to the environment; it also jeopardises the world's financial system, writes Danae Kyriakopoulou.
Ensuring climate-related risk does not translate to financial instability is a key concern for central banks, but not an exclusive one. Central banks are tasked with safeguarding prosperity, which in turn requires that prosperity be generated sustainably. Monetary authorities should lead by example by supporting the transition to lower-carbon economies in their roles as investors. One controversial approach would be for central banks to take climate risks into account in the purchases that form part of their QE programmes.
