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Central Bank Leaders Embrace Climate Concerns as Key Policy Objective

Central Bank Leaders Embrace Climate Concerns as Key Policy Objective

Michael Derby reports on The Wall Street Journal that key bank leaders are embracing climate concern as their primary policy objective.

The C3 Take
  • Central banks are beginning to consider the climate impact of the projects that they lend to.
  • The Fed recently requested membership for the Network of Central Banks and Supervisors for Greening the Financial System.
  • The Network refrains from investing in businesses whose practices “drive climate change.”

“Top central bank leaders said Thursday climate-change risks are an increasingly important consideration in their thinking about their respective economies and financial systems, and that environmental concerns also are increasingly a factor in their monetary policy considerations.”

Read the full article here.

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