The role of central banks and potential pitfalls in the transition to net zero
Thursday 3 June 2021 Vol.12 Ed.22.3
Commentary: Walking the tightrope to net zero
By Dimitri Demekas in Washington
In adapting their policies to the challenges of climate change and the transition to a low-carbon economy, central banks and financial regulators need to weigh potential pitfalls carefully. These fall broadly into two groups: unintended consequences policies may have on markets and the financial system; and failure to achieve policy objectives owing to poor design or lack of coordination with other policy-makers. In both cases, there could be repercussions for the credibility of central bankers and regulators.
Read the full commentary on the website.
Meeting: The role of central banks in greening portfolios and sustainable investment
Wednesday 9 June, 11:00-12:00 BST
Benoit Mojon, head of economic analysis at the Bank for International Settlements, discusses the role of central banks in driving sustainable investing and green portfolio transition through green monetary policy. Other key points of discussion will include transition credibility, brown portfolio exclusion and incentivising shareholders.
Register to attend here.
