Green finance: new initiatives in China, Europe and Americas
European Union and Norway: On February 4, the Eurosystem central banks announced a new set of green standards for some of their assets. The European Central Bank and the 19 national central banks will adopt “a common stance for applying sustainable and responsible investment principles” for their “euro-denominated non-monetary holdings”. Within the next two years, the Eurosystem banks will release data on the climate impacts of these investments.
The ECB set up a new climate change centre in
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