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Central banks should explicitly back net-zero measures, says report
15 March 2021Central banks should explicitly align their policies with achieving a net zero carbon emission economy by 2050, according to a paper prepared by a trio of economists, including through their prudential supervision, monetary policy and their own portfolios.
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Climate risk vulnerability significantly hikes emerging economy borrowing costs
12 October 2020Emerging economies that are highly vulnerable to climate risk have been hit with "significant rises" to their cost of borrowing, according to a report, more than doubling the sovereign bond yield premium compared with lower risk peers.
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Central banks overlooking ESG factors in Covid-19 response, say academics
29 June 2020There is limited evidence that central banks are taking sustainability goals into account in their response to the coronavirus (Covid-19) crisis, reported a group of researchers who also suggested ways the banks could adjust current instruments to help meets these goals.
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Climate change increases cost of debt for developing countries
06 August 2018The intensification of climate risks and the degree to which they are accurately priced by financial markets are of increasing concern to global economic stability. However, as awareness around those risks has risen over the last years, there is still a long way to go to consistently measure and monitor their costs, which can result in substantial gains or losses for institutional investors. Vincent Huck reports