Financial risks related to climate change and biodiversity loss are currently being addressed
in a largely siloed manner. Neglecting their interconnections, however, may lead to 'blind …

Highlights•Before COVID-19, financial institutions started acknowledging climate
risks.•Central banks acted boldly to ensure financial stability in the wake of the …

Climate change has profound effects not only on societies and economies, but also for the
ability of central banks to deliver price stability in the future. Among others, climate change …

Central bankers form a global policy community that for several decades has been
characterized by a high degree of convergence in terms of policy tools, frameworks, and …

In its 2021 strategy review, the European Central Bank's Governing Council unanimously
decided to make climate change one of its priorities for the coming years. In this article, we …

Concerns over climate-related issues have in a few years gone from the fringes of the
financial sector to mainstream discussions in the boardrooms of central banks. How did we …

There is a growing awareness that climate change is a new source of risk to the financial
system, but cross-country evidence on the impact of climate risk on financial stability is …

Degrowth lacks a theory of how the state can finance ambitious social-ecological policies
and public provisioning systems while maintaining macroeconomic stability during a …

While climate change has been a public policy issue for decades, central banks have only
recently considered it relevant to their objectives. Beginning in 2015, the Bank of England …

Recently, an unexpected public actor has joined climate activists' forces: central banks
increasingly care about and act on climate change. Their (potential) contribution to the …