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Aug 1, 2024 | 
climateandcapitalmedia.com | Moriah Costa |Katy Lee |Ingrid Walker |Jamie Woolley
Green Central Banking shares its top picks for reading on climate financeForget the beach. It’s too damn hot. Instead, head to a cool air conditioned room and dig into how finance is shaping – or not – the heat – or cold – you are experiencing because of climate change. The Green Central Banking team offers our picks for some fascinating books on the climate and finance to delve into, plus some research offerings that push the envelope of thinking on green finance.
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Jul 23, 2024 | 
greencentralbanking.com | Moriah Costa |Katy Lee |Ingrid Walker |Jamie Woolley
Looking to catch up on some reading this summer? The Green Central Banking team offers our picks for some fascinating books on the climate and finance to delve into, plus some research offerings that push the envelope of thinking on green finance.
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May 22, 2024 | 
greencentralbanking.com | Peter McKillop |Jamie Woolley
The newly released Banking on Climate Chaos report for 2023 should have been good news to climate activists. Banks are lending significantly less money to fossil fuel companies, according to the annual report by a group of environmental organisations led by Rainforest Action Network. Commercial banks lent US$632bn in 2023, down from $802bn the previous year.
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May 7, 2024 | 
greencentralbanking.com | Julie Segal |Rosa Galvez |Jamie Woolley
Global financial and environmental experts recently made public calls for Canada to speed up action on climate-aligned financial policy. The appeal focused in particular on the Climate-Aligned Finance Act, a bill that is progressing through the Senate that would ensure financial institutions’ investments help limit climate damage.
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Apr 18, 2024 | 
greencentralbanking.com | Matteo Gasparini |Jamie Woolley
As policymakers across the globe face up to the challenge of delivering results to meet the net-zero and carbon neutrality pledges of their governments, many have begun to question whether the tools, models and regulations are fit for the purpose of delivering the energy transition. We know that a faster energy transition could save the world £12tn and prevent the dire effects of global warming. The focus therefore needs to be on removing barriers that might be holding this transition back.
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Apr 12, 2024 | 
greencentralbanking.com | Saliem Fakir |Jamie Woolley
Spring in the northern hemisphere heralds another round of meetings hosted by the World Bank and the International Monetary Fund (IMF), and climate finance will once again be on the agenda. Discussions on how to channel funds towards global south countries to deal with the climate crisis will inevitably be split by a false dichotomy: whether to finance development, or to invest in transitioning these countries to net zero.
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Mar 8, 2024 | 
greencentralbanking.com | Moriah Costa |Katy Lee |Ingrid Walker |Jamie Woolley
As in most areas in business and industry, there are startlingly few women in senior positions within the financial sector. The latest annual report from thinktank the Official Monetary and Financial Institutions Forum (OMFIF) on gender balance shows that at current rates of promoting women in the industry, it will take 140 years to see equal numbers of men and women in senior financial positions.
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Feb 14, 2024 | 
greencentralbanking.com | Jamie Woolley
Following the abatement of supply chain disruptions resulting from Covid-19 and the war in Ukraine, the bout of inflation experienced in the UK (and globally) over the past two years has relented. But such disruptions are expected to become more frequent in the context of intensifying climate change, environmental degradation and geopolitical tensions, marking a new era of supply-side uncertainty for which economic forecasting and policymaking are ill-prepared.
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Jan 25, 2024 | 
greencentralbanking.com | Jamie Rickman |Jamie Woolley
By continuing to finance the fossil fuel economy, the financial sector is fuelling its own demise. Fossil fuel emissions are driving Earth systems past negative tipping points such as the collapse of Greenland’s ice sheet or the death of coral reefs, beyond which abrupt and irreversible changes are inevitable. What’s worse, the crossing of one negative tipping point can trigger others in a domino-effect, accelerating the breakdown of our planet’s life-support systems.
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Oct 12, 2023 | 
greencentralbanking.com | Jamie Woolley
Singapore’s central bank wants to incentivise the phasing out of coal plants with carbon credits and replace it with transition credits towards renewable energy, it revealed in a joint research paper with management consulting firm McKinsey & Company. If the region wants to achieve net zero by 2050, it must close two coal power plants every week from now until 2040, said Ravi Menon, managing director of the Monetary Authority of Singapore.
