Experts disagree on the impact of the Fed’s withdrawal from the NGFS but are united about climate change’s devastating effect on the financial system
The Federal Reserve withdrew from the Network of Central Banks and Supervisors for Greening the Financial System (NGFS) on January 17, one day before US president Donald Trump’s second term began. The Fed’s withdrawal raised questions about the importance of global co-ordination on climate action, the Fed’s mandate and its independence, the systemic nature of climate risks and how Trump’s second term will shape the financial system.
Ten academics and former policy-makers Central Banking spoke
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
Most read articles loading…
Back to Top
You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.
You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.
You are currently on corporate access.
To use this feature you will need an individual account. If you have one already please sign in.
Alternatively you can request an individual account
.
by :
Source link
