Archive

Azerbaijan, IFC sustainable taxonomy 'roadmap' to launch at COP29

The Central Bank of Azerbaijan and International Finance Corporation (IFC) are set to publish a sustainable finance taxonomy "roadmap" to encourage interoperability between the rapidly growing number of national 'green lists' in development.

ECB could switch from sovereign to supranational bonds amid climate concerns, says Elderson

A lack of a "clear and reliable framework" for comparing sovereign bonds with Paris goals should prompt the European Central Bank (ECB) to consider buying bonds from EU supranational issuers, says one board member.

IFC backs Central Pattana's first SLB with $100m

ETS deadlines risk facilitating 'brown zombie' European industry, ECB blog says

The impending increase in carbon emissions costs under the EU Emissions Trading System (ETS) will add to energy intensive firms' financial woes, potentially undermining their ability to invest in decarbonisation, a blog published by the European Central Bank (ECB) says.

Polluting firms accelerated fossil fuel investment after Paris Agreement, study says

Banks' climate data struggles are clouding their view of price changes, ECB says

Banks in the eurozone struggle to collect even the most basic data on climate risks to commercial real estate, despite evidence that pricing "is already clearly being affected by" physical climate risks, the European Central Bank (ECB) has said.

ECB's approach fails to recognise credit risk of transitioning too fast, says US banks group

The European Central Bank (ECB)'s approach to push banks to reduce their credit risk by decarbonising is flawed, as it oversimplifies the link between emissions and default risk and fails to recognise the risk of "transitioning too fast", a US banking group has claimed.

EU banks have already reduced climate risk in response to supervision, say ECB researchers

The European Central Bank (ECB)'s climate-related supervision has already led to an improvement in banks' risk exposure and management, and increased capital allocation towards green finance, according to researchers at the central bank.

Webinar: How central banks are exploring deforestation risks

Central banks are gaining new insights into financial risks associated with deforestation and other land use changes and are encouraging widespread uptake of a novel framework to assess these risks, an Environmental Finance webinar heard.

Why central banks are paying attention to deforestation