NGFS suggests central bank climate policies
Green network advises measures to reduce financial risk and promote decarbonisation
The Network for Greening the Financial Sector has published an extensive menu of ways central banks could make their policy more environmentally friendly.
The suggestions come in the NGFS’s new policy paper, published on March 24. The paper argues that climate change poses a risk to traditional monetary policy levers.
It can disrupt lending and alter market expectations. Climate change can physically damage assets and leave some assets “stranded” because they are no longer acceptable to
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