Explore commentary on climate and energy policy and the financial policies required in the transition to a green economy
James Talbot explains how physical climate shocks affect inflation and output, and how central banks can assess and respond across two linked horizons: near-term monetary policy and the longer-term roles of resilience, adaptation, and insurance in supporting price and financial stability
Physical shocks and economic resilience: a central bank perspective Read More »
The Paris Agreement provides a framework for international carbon trading. Georg Zachmann and Annabelle Weisser discuss the many questions that will arise, and argue that international carbon credits can support the EU’s 2040 target if buyers’ club rules and leverage ensure real mitigation gains abroad
International carbon trading: a strategic lever to boost global decarbonisation Read More »
Global efforts to tackle the climate and nature crises have not progressed as hoped, says Christine Lagarde. This sharpens the case for deeper analysis from the research and central banking communities to better understand the risks to price and financial stability
Climate, nature and monetary policy Read More »
The global asset management industry is simultaneously growing and consolidating. Dirk Schoenmaker argues that US firms’ rise in EU asset management may weaken sustainable finance, making tougher stewardship, ESMA supervision and autonomy urgent
Risks for Europe of US dominance of global asset management Read More »
Nature is the economy’s life support system, and it is under strain. Frank Elderson calls for stronger global cooperation to tackle nature related financial risks
Nature in decline, economy on the line Read More »
The ETS is the EU’s key climate policy instrument. Simone Tagliapietra and Georg Zachmann write that when discussing the emissions trading system policymakers should remember five risks of undermining the system
Five reasons why attacking the EU carbon market is economic self-sabotage Read More »
Climate and transition shocks increasingly shape the macroeconomic outlook and financial risks. James Talbot sets out the Bank of England’s approach to assessing and managing climate impacts across its core objectives
Measure, model, tackle, tailor Read More »
The challenge for policymakers is to build rules that function amid disagreement in a divided world. Dennis Snower discusses how COP30 can turn climate goals into trade rules
Rewiring trade for a warming world Read More »
The EU is engaged in an unprecedented struggle for independence, values and democracy in a world shaped by the re-emergence of imperial ambitions. Simone Tagliapietra says Ursula von der Leyen is right to say Europe is in a ‘fight’ around competitiveness and values, but it may lack the right pugilistic attitude
Europe’s fight should begin with the struggle against hesitation Read More »
It’s a time of profound change – technological, geopolitical, environmental. Sarah Breeden shares some real world examples of how risks to price and financial stability from climate change are emerging now, and how they might grow going forward
Weathering the storm: stability in a changing climate Read More »
