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2 months ago | 
greencentralbanking.com | Ingrid Walker
A recent conference on developing green energy in Africa could mark a significant step in the continent’s journey towards financing universal electricity access. The Mission 300 project aims to provide 300 million people with electricity by 2030 and drive sustainable economic transformation across the continent. According to World Bank president Ajay Banga who attended the summit, the initiative will provide a “foundation for future development”.
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Jan 23, 2025 | 
greencentralbanking.com | Ingrid Walker
The Financial Stability Board (FSB) has unveiled a new holistic framework that fuses traditional financial stability analysis with a forward-looking approach to assess climate-related vulnerabilities. The toolkit represents a significant advancement in global climate risk monitoring and a “welcome addition to the FSB’s financial stability surveillance” said Nellie Liang, outgoing under-secretary for domestic finance at the US Treasury.
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Nov 28, 2024 | 
greencentralbanking.com | Ingrid Walker |Moriah Costa
Baku climate talks end in disappointment, China emerges as potential green finance leader amid shifting dynamics, UN releases global transition plan guide for insurers, and more in this special Cop29 roundup. Global south responds to disappointing climate finance talksThe Cop29 summit in Baku concluded on a sour note after a contentious US$300bn annual climate finance deal passed despite objections from global south representatives.
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Nov 20, 2024 | 
greencentralbanking.com | Ingrid Walker |Moriah Costa
This is part one of our Green Swan 2024 coverage. Read part two. Following a year of extreme weather events around the world, senior central bankers and industry leaders gathered in Basel recently for the annual Green Swan conference. This year’s edition focussed on how the climate crisis and policymakers’ attempts to address it are transforming the real economy.
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Nov 20, 2024 | 
greencentralbanking.com | Ingrid Walker
This is part two of our Green Swan 2024 coverage. Read part one. Central banks are being forced to rethink their traditional approaches as the climate crisis poses unprecedented challenges to price stability, panellists said during a session at the recent Green Swan conference.
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Nov 15, 2024 | 
climateandcapitalmedia.com | Ingrid Walker
As G20 leaders prepare to convene in Rio later this month, the global south’s crushing dollar-denominated debt is emerging as a critical threat to multilateral climate finance efforts. Experts warn that this looming crisis creates often-overlooked systemic challenges which undermine the Brazilian presidency’s mission statement of “building a just world and sustainable planet”.
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Nov 12, 2024 | 
greencentralbanking.com | Ingrid Walker
As G20 leaders prepare to convene in Rio later this month, the global south’s crushing dollar-denominated debt is emerging as a critical threat to multilateral climate finance efforts. Experts warn that this looming crisis creates often-overlooked systemic challenges which undermine the Brazilian presidency’s mission statement of “building a just world and sustainable planet”.
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Oct 23, 2024 | 
greencentralbanking.com | Ingrid Walker
The International Monetary Fund (IMF) has reformed its contentious surcharge policy, reducing borrowing costs for affected countries. But critics say opting to maintain the policy, albeit with lower costs, will allow harmful impacts on debt-stricken and climate vulnerable economies to persist. These surcharges are additional fees imposed on countries borrowing large amounts or for extended periods from the IMF’s general fund, levied on top of general interest rates and service costs.
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Oct 10, 2024 | 
greencentralbanking.com | Ingrid Walker
A group of US Congress members have called on Treasury Secretary Janet Yellen to lead the charge against the International Monetary Fund’s (IMF) controversial surcharge policy. The appeal comes as the IMF faces mounting pressure to overhaul the practice ahead of a critical board vote on the topic on Friday.
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Oct 3, 2024 | 
greencentralbanking.com | Ingrid Walker
BaFin says EU should streamline disclosure regime, World Bank prices world-first reforestation bond, IASB consults on its sustainable accounting standards, all this and more in the latest Green Central Banking roundup. BaFin calls for less is more approach to SFDR ReformsGermany’s financial regulator, BaFin, has called for a substantial streamlining of the EU’s sustainability reporting requirements, citing concerns around the complexity and fragmentation of European disclosure regulations.
