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APAC Energy Buzz: Asia’s central banks are getting serious on sustainability
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Report summary
As the coronavirus outbreak and subsequent stock market and oil price collapse highlights, central banks are critical to ensuring economic stability. But should central banks be tackling climate change? For many, the risks to the global financial system posed by global warming mean the answer is yes. Across Asia, there is now a growing recognition of the need for action. This poses a major dilemma. In many Asian countries, supporting strong economic growth – or at least ensuring stability in the current environment – is the main role of central banks. But shifting policy focus to include mitigating climate risk requires a more balanced approach to growth. Can these two goals ever be compatible?
Table of contents
- China leading the way
- Much work remains to be done
- Asia’s central banks do have a role to play in addressing climate change risks
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This report includes 2 images and tables including:
- There's a will...
- ...but not yet the way
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