By Danae Kyriakopoulou in Geneva
Central banks’ remits have changed profoundly since the 2008 financial crisis, notably – and sometimes controversially – in relation to their monetary policy practices and quantitative easing policies. Their remits are beginning to expand into another, unexpected field: climate change.
The recognition of climate-related disruption as a source of financial risk is propelling this expansion, and central banks can leverage their influence through their capacity as both regulators and as reserves managers.
Read the full commentary on the website.
Kristian Ulrichsen, fellow for the Middle East at Rice University’s Baker Institute for Public Policy, speaks to Julia Demidova from OMFIF. They discuss the political structure and dynamics of the Gulf Co-operation Council states: Saudi Arabia, Oman, Bahrain, Qatar, Kuwait and the United Arab Emirates.
They also discuss the killing of journalist Jamal Khashoggi, as well as the role of the Turkish military and expansion in the Middle East, the Gulf’s relationship with Iran, and the GCC’s preference for regional bilateralism over multilateralism.
Listen to the recording, or search for OMFIF on your smartphone’s podcast app.