Sovereign bonds are central to aligning finance flows with the net zero transition
In a new @GRI_LSE report, we explore how central banks can contribute to the alignment of sovereign bond markets on net zero
A big thank you to @joefeyertag, @NVJRobins1 and Alexander Wollenweber
How central banks can contribute to the #NetZero alignment of sovereign bond markets? New report by @Pierre_Monnin @joefeyertag @NVJRobins1 and Alexander Wollenweber 👇🏾
lse.ac.uk/granthaminstitute/…
Pierre Monnin retweeted
How central banks can contribute to the #NetZero alignment of sovereign bond markets? New report by @Pierre_Monnin @joefeyertag @NVJRobins1 and Alexander Wollenweber 👇🏾
lse.ac.uk/granthaminstitute/…
Pierre Monnin retweeted
🟢 How the #ECB can use its vast portfolios and tools to actively reduce #climate risk? 💶🌍🛡️
Read our 🆕 study "A roadmap towards greening the European Central Bank", by @PositiveMoneyEU's @SchroderJordi ➡️ eu.boell.org/en/greening-ECB #WEF24 @BoellStiftung
Key takeaways 🧵👇🏽

ALT This new study by Jordi Schröder Bosch (Positive Money Europe), contributes explores how the ECB can use its vast portfolios and tools to actively reduce climate risk. It shows that climate change requires central bank intervention and that – in anticipation of climate risks – the ECB can and should double down on its pledges to green central bank activities. Against this background, the report identifies numerous concrete policy options, from enhancing green tilting approaches in asset purchasing programmes to offering favourable refinancing terms to banks engaged in green lending. Read more: https://eu.boell.org/en/greening-ECB
Pierre Monnin retweeted
🔴Despite its #climate roadmap, the @ecb still supports fossil fuel companies by accepting their assets as guarantees when lending to #banks.
📢Assets from companies like @TotalEnergies that contribute to the climate crisis should not be considered safe!
reclaimfinance.org/site/en/2…
How can central banks contribute to the transition to environmentally sustainable economies in Africa?
Some ideas for consideration in this @GRI_LSE blog and policy brief.
Delighted to have worked with @reubenmuhindi and @joefeyertag on this.
Africa’s central banks are uniquely positioned to support their countries’ transitions to a green economy, but there is no one-size-fits-all approach, say @reubenmuhindi @joefeyertag and @Pierre_Monnin
lse.ac.uk/granthaminstitute/…
Pierre Monnin retweeted
#Investissement 🔴 Des parlementaires examine ce mercredi l’idée d’intégrer la prise en compte des risques climatiques dans la gestion monétaire de la #BNS. Les économistes sont divisés sur la question ⬇️ agefi.com/actualites/politiq…
Pierre Monnin retweeted
Join us for our upcoming webinars featuring two esteemed speakers, Adelina Barbalau and @EspagneEtienne. 🎙️
Don't miss out on these insightful webinars! Join us and gain valuable insights from these experts. Visit our page to learn more: e-axes.org/webinars/
#EconTwitter
Pierre Monnin retweeted
On Monday 9th October, the Council on Economic Policies and @IDOS_research are launching the Global Tax Expenditures Transparency Index (GTETI).
👇 Join the event via Zoom: us02web.zoom.us/webinar/regi…
🎦Watch the video for a quick overview of the GTETI.
youtube.com/watch?v=mRIZro8Z…
Pierre Monnin retweeted
Climate-related & environmental risks warrant special supervisory attention, says Executive Board member @Isabel_Schnabel. This is due to their size, global dimension & non-linearity, as well as the time criticality of action & a lack of knowledge and data ecb.europa.eu/press/key/date…
Pierre Monnin retweeted
A faster green transition would benefit people, firms and banks, our economy-wide climate stress test finds.
It initially involves greater investment and higher energy costs, but financial risks decrease significantly in the medium term ecb.europa.eu/press/pr/date/…
Pierre Monnin retweeted
Our September Digest is out and is curated by @jvtklooster and Eric Monnet.
The issue: Tightening monetary policies can deter investors from supporting climate-friendly projects due to higher financing costs 💸.
🔗 surl.li/ktwql
#EconTwitter
An important topic in the current push from supervisors for more environmental disclosure as the solution to bridge the funding gap for the ecological transition.
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The systemic nature of climate change calls for an appropriate macroprudential response!
Happy to share a few leads on how central banks and supervisors can implement sound climate systemic risk management practices.
Thanks to Paul Hiebert for the thought-sharing journey!
The systemic nature of climate change calls for a macroprudential response. Paul Hiebert @ecb & @Pierre_Monnin urge #centralbanks & supervisors to develop climate systemic risk management practices, like systemic risk buffers and concentration risk limits.
cepweb.org/climate-related-s…
Pierre Monnin retweeted
.@TaskforceNM: Our real choice is not whether there should be #naturemarkets but rather how they can best be designed and governed to deliver equitable outcomes and sustainable positive impacts on nature and communities. naturemarkets.net/news-and-e… #governingfinance @MakeNatureCount
Pierre Monnin retweeted
🚨 Report Alert: "The Debt We Need. Reinforcing Debt Sustainability with Future-Oriented Fiscal Rules” explores debt management amidst today's challenges. finance-watch.org/publicatio…
Pierre Monnin retweeted
Is central bank credit to banks neutral with regard to the climate transition?
Using confidential micro-level data, we explore the carbon bias of the ECB’s trillions of TLTRO credit to banks. And propose a green alternative.
A (simple) 🧵
Pierre Monnin retweeted
🧵New Occasional Paper "Enhancing Climate Resilience of Monetary Policy Implementation in the Euro Area" by J. Aubrechtová, E. Heinle, R. Moyà Porcel, B. Osorno Torres, A. Piloiu, R. Queiroz, T. Silvonen & L. Vaz Cruz: ecb.europa.eu/pub/pdf/scpops… 1/3
Pierre Monnin retweeted
🚨 ONE WEEK LEFT to apply for our latest conference addressing research gaps on challenges posed by nature loss, including #deforestation and the related environmental risks & impacts for the #macroeconomy & #finance!
👉All info: bitly.ws/EH5E… Apply by 15 July!
Pierre Monnin retweeted
We are now accepting submissions for our annual Research Prize on the topic of "Financing the Green Transition."
The deadline is 15 September 2023.
Call for Papers➡️e-axes.org/wp-content/upload…
More Info➡️ e-axes.org/prize/
#EconTwitter
@INSPIREgreenfin @Pierre_Monnin
Pierre Monnin retweeted
#GreenFinance and #FinancialInclusion have mostly been treated by central banks and financial supervisors as two distinct agendas. @UliVolz and Peter Knaack call for an integrated approach to reflect the critical overlaps between the two. cepweb.org/inclusive-green-f…
#climaterisks






















