This website uses cookies and similar technologies (hereinafter collectively referred to as ‘cookies’). We may use cookies for the following purposes:
With the buttons below, you can choose which cookies you wish to accept. On our cookie statement page, you can manage your cookie preferences. You can always withdraw your consent for cookies by making different choices there. For more information about cookies, please refer to our cookie statement.
Prof. Dirk Schoenmaker writes about central banks taking a macro approach to managing system-wide risks stemming from the climate transition. In the EU, emissions have fallen but banks have not fully internalised the costs of transitioning to net-zero and banks continue to finance the expansion of the fossil-fuel industry.
Read the article: https://www.bruegel.org/policy-brief/what-can-central-banks-do-take-paris-agreement-seriously