Net Zero Central Banking: A New Phase in Greening the Financial System

Baroness Minouche Shafik (LSE), Luiz Awazu Pereira da Silva (BIS), Sarah Breeden (Bank of England), Nick Robins (LSE), Ulrich Volz (SOAS)

Report Launch Event

This virtual launch event is jointly organised by the LSE Grantham Research Institute on Climate Change and the Environment and the SOAS Centre for Sustainable Finance.

Reaching net-zero greenhouse gas emissions is a critical goal of climate policy. Across the world, growing numbers of governments are introducing targets and plans to achieve net-zero around the middle of this century. Alongside this, leading banks and investors are committing to align their portfolios with net-zero by 2050. So far, however, one group of financial actors is so far largely missing from this race to net-zero finance: the world’s central banks and financial supervisors.

Central banks and supervisors now need to take a strategic stance on net-zero. The rationale for doing this is two-fold and dynamic: first, recognising that net-zero is the best way of minimising the risks of climate change to stability of the financial system; and second, making sure that central bank and supervisory activities are coherent with net-zero government policy.

A new report, Net Zero Central Banking: A New Phase in Greening the Financial System outlines the case for why central banks and supervisors need to act on net-zero and how they could start doing this. This digital event will bring together the report’s authors and leading figures in the financial system.

Chair: Baroness Minouche Shafik, Director of the London School of Economics and Political Science

Presentation of the report:

• Nick Robins, Professor in Practice for Sustainable Finance, LSE Grantham Research Institute on Climate Change and the Environment (co-author)

Panel discussion:

• Luiz Awazu Pereira da Silva, Deputy General Manager, BIS
• Sarah Breeden, Executive Director & responsible for climate change, Bank of England
• Ulrich Volz, Director, Centre for Sustainable Finance, SOAS, University of London (co-author)

Registration:

This event is free to join but you will need to register in advance on Zoom .

After registering, you will receive a confirmation email containing information about joining the webinar.

Organiser: Centre for Sustainable Finance

Contact email: uv1@soas.ac.uk