Most central banks not measuring banknote carbon footprint
Very few institutions have cash climate strategy but over 50% are recycling their unfit banknotes
Very few central banks measure the carbon footprint of their banknote operations, despite over 50% reporting banknote recycling.
Out of 26 institutions that responded to the question as part of Currency Benchmarks 2020, less than 20% said they measured the carbon footprint of their banknote operations. All institutions came from countries that have signed up to the Paris Climate Agreement.
In terms of sustainability, central bank currency departments appear to be focusing their effort in
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