Greening central banking

NEF publications (March 2020 to March 2021)

• Decarbonising the Bank of England’s Pandemic QE: Perfectly Sensible
• Decarbonising is easy: Beyond market neutrality in the ECB’s corporate QE
• Greening the Eurosystem collateral framework: How to decarbonise the ECB’s monetary policy
• The European Central Bank and Climate Change: Five steps towards a sustainable recovery
• Building a green stimulus for covid-19: A recovery plan for a greener, fairer future

External publications

• Journal of Ecological Economics Finance: Climate-change and radical uncertainty: Towards a precautionary approach to financial policy
• Greening the UK financial system – a fit for purpose approach

Letters organised by NEF

• Open letter to Andrew Bailey ​“The Bank of England must lead the way on climate change” signed by over 100 leading economists and influencers
• Bank of England needs more powers to decarbonise economy, signed by 125 leading economists
• The ECB must not sideline climate risks in its COVID-19 response (originally drafted by NEF), signed by more than 50 civil society organisations

Selected press coverage

• ECB Urged to Rethink Collateral Rules to Lower Carbon Footprint
  Bloomberg, 9/​3/​21
• BoE seen undermining Johnson’s green recovery pledge with QE
  Bloomberg, 3/​8/​20
• ECB urged not to waste time in making bond buying greener
  Bloomberg, 20/​10/​20
• The Trouble With Climate Scenarios Is Everyone Has Their Own
  Bloomberg, 7/​8/​20
• ECB would have 1 trillion euros of bonds to buy after axing polluters, study finds
  Reuters, 20/​10/​20
• Big investors push UK to go further on green finance
  Financial Times, 15/​11/​20
• Bundesbank boss sets stage for ECB climate clash over bond-buying
  Financial Times, 18/​11/​20
• Bank of England needs more powers to decarbonise economy, say experts
  Guardian, 16/​11/​20
• Climat : « Les banques centrales ne doivent plus attendre pour agir »
  Le Monde, 9/​2/​21
• Corporations Receiving Bailout Billions Have Laid Off Staff and Paid Investors
  Vice, 4/​8/​20
• FTSE caught in tug-of-war as companies offer mixed results
  Telegraph, 4/​8/​20
• Greenpeace lands on ECB tower in climate finance protest
  Politico, 10/​3/​21

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