A Green Bank of England – Central Banking for a Low-Carbon Economy

Matt Lyons

Author(s): Macquarie, R

Publication type: Report

Covering: The current system

Publisher: Positive Money

Year of publication: 2018

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Climate change and the low-carbon transition are directly connected to the financial system. Even though the high-carbon economy creates systemic risk, banks still pour money into fossil fuels. Central banks, as powerful regulators with enormous financial resources, need to do more to help decarbonisation. Positive Money believes the Bank of England needs reform to hardwire it for climate sustainability.