Commentary: Central banks greening financial system
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...