On the Role of Central Banks in Enhancing Green Finance - Inquiry Working Paper 17/01
This paper examines the role of central banks in ‘greening’ financial systems. Given the enormous investments needed to bring about a green transformation, the financial sector will have to play a central role in allocating resources towards a sustainable and green economy – and stop financing activities that harm the environment. Against this backdrop, the paper examines the extent to which environmental factors impinge on central banks’ conventional goals and provides a theoretical analysis of the cases for and against central banks to respond to environmental and sustainability challenges.
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| Format: | Reports and Books biblioteca |
| Language: | English |
| Published: |
2017
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| Subjects: | CENTRAL BANKS, DEVELOPMENT FINANCE, GREEN ECONOMY, SUSTAINABLE DEVELOPMENT, RESERVE ASSETS, Climate change, |
| Online Access: | https://wedocs.unep.org/20.500.11822/16803 |
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