Central banks weigh in on carbon transition

Jun 01, 2020 - Financial Director

Instead, they advocate a role marshalling different opinions and initiatives into a more cohesive body of action.

“To envisage a miraculous white knight such as a central bank appearing on the scene to solve climate change would be naïve. We should contribute to solving the problem through coordination. The way [climate change] policies are constructed is primarily the responsibility of government”, says Luiz Pereira da Silva, Deputy General Manager at the Bank of International Settle...