Central Bankers’ Green Lines
There is growing evidence that global warming, particularly through its effect on agriculture, may create inflationary pressures, and that the physical and transition risks created by climate change could jeopardize financial stability. So, why is there no consensus among central bankers on how monetary policy should respond?
https://prosyn.org/3EpIyy2
LONDON – Climate change has come to represent a major challenge for central banks. How much should their monetary policy and approach to banking supervision be influenced by it?