Debates about climate policy have neglected the question of macrofinancial pathways to
decarbonisation, not all of which are economically and politically viable. We propose a …

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 …

This article considers the role of central bank interventions in credit and financial markets in
support of decarbonization. Drawing on the critical macrofinance literature, we argue that …

Highlights•The paper analyzes the current knowledge in the field of climate-related financial
risks.•It highlights the growing involvement of central banks in addressing climate change.•It …

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 …

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 …

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 …

Starting with a landmark speech by Mark Carney on the 'Tragedy of the Horizon'in 2015,
climate change entered central banking discourse, causing some of its key convictions to …

In this article, we provide a comparative case study analysis of the differentiated climate
change engagement of the Bank of England (BoE), European Central Bank (ECB) and …

The new ECB leadership made it its explicit priority to make ECB's policies greener.
Although doubt remains about the scale and effectiveness of the policies implemented since …