Central Banks and Climate Change

07 March 2023

Media Webinar

Wednesday 15 March 8-9am (GMT)

Central banks are mainly tasked with managing inflation. They also play an important supervisory role, looking to ensure the stability of the banking system. While there is now agreement on the need for central banks to consider climate change, there are different approaches, with some central banks – including the European Central Bank (ECB) - considering climate change as relevant to inflation management. In this webinar, we will discuss the need to integrate climate change into central banks’ policies.

First, we will consider the issue from a global perspective, looking at the interplay of central banks policies and climate change and then we will focus on the example of the ECB. How are climate-related considerations currently approached by central banks that are considered leading on the issue? And what could a “green” central bank could look like.

Speakers

Rens van Tilburg Rens van Tilburg is a founding member and director of the Sustainable Finance Lab at Utrecht University in the Netherlands. Rens has published on both climate and biodiversity risks for the financial sector since 2014 and lectured on this at both universities and central banks. The focus of his research in recent years has been the monetary policies of the ECB. Rens is also a member of the Dutch sustainable finance platform of the Dutch central bank and of the expert group that advises the Dutch Ministry of Economic Affairs and Climate on the energy system of 2050.
Nick Robins Nick joined the Grantham Research Institute in February 2018 as Professor in Practice for Sustainable Finance. He leads the sustainable finance research theme. The focus of his work is on how to mobilise finance for climate action in ways that support a just transition, promoting the role of central banks and regulators in achieving sustainable development and investigating how the financial system can support the restoration of nature. Nick is author of The Road to Net Zero Finance for the UK’s Climate Change Committee and co-founder of the Financing the Just Transition Alliance and is also a Commissioner on Scotland’s Just Transition Commission. He leads the finance platform for the Place-based Climate Action Network, and is co-chair of the International Network for Sustainable Finance Policy Insights, Research and Exchange (INSPIRE). His latest work include a net-zero transition plan playbook for financial supervisors.