Central banks have wide ranging effects on the economy and society as a whole. Their decisions on monetary policy and sustainability are closely intertwined but the links between the mandates, objectives and instruments of central banks and a broad sustainability agenda are rarely reflected in policy debates. This report focuses on monetary policy and its
This is the 4th Update Report of the UNEP Inquiry, it is focused on the challenge of financing the low-carbon transition. Many approaches and instruments will be needed to deliver the financing needed. Public finance, funded by tax revenues and international transfers, will provide part of the solution. However such finance will be inadequate. Private
This report outlines key concerns and needs of developing countries in relation to green finance, particularly focusing on developing countries that are not members of the G20. It also highlights emerging innovations, drawing in particular from engagement with practitioners and regulators from Bangladesh, Colombia, Egypt, Honduras, Jordan, Kenya, Mauritius, Mongolia, Morocco, Nigeria, the Philippines, Thailand
Download the full report: [AR] [CH] [EN] [ES] [FR] [PT] [RU] Download the policy summary: [AR] [CH] [EN] [ES] [FR] [PT] [RU] This first edition of “The Financial System We Need” argues that there is now a historic opportunity to shape a financial system that can more effectively finance the development of an inclusive, green economy. This opportunity is based on a growing trend
This is the second update report by the UNEP Inquiry, it highlights early lessons from the Inquiry’s ongoing work in more than a dozen countries. What is clear from inital engagement is that even with strong real economy policies to correct market failures and deploy public capital, some interventions in the financial system will be
Bangladesh has been a leader in developing policies to shape a greener and more inclusive financial system. It has a suite of green banking regulations and policies including concessional green refinancing, credit quotas for green finance and guidance and requirements on environmental due diligence. Green finance is growing but it remains modest compared to the scale of Bangladesh’s
Bangladesh's Central Bank takes an approach of “developmental central banking” and has deployed its financial, regulatory and persuasive powers to advance financial services to underserved groups. More recently it has extended this approach by establishing requirements that banks undertake environmental risk analysis, and direct a minimum proportion of their loans to green projects such as renewable energy and energy efficiency. Bangladesh Bank, represented by its former Governor on the Inquiry’s Advisory Council, worked with the Inquiry to commission an assessment of its work linking monetary policy and sustainability.