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Bank of England

Could offering lower interest rates to green projects help keep net zero on track?

Policy

Could offering lower interest rates to green projects help keep net zero on track?

The Bank of England is facing calls to introduce a secondary interest rate for green borrowing required to reduce the UK’s reliance on fossil gas driving the energy crisis

clock 02 September 2022 • 7 min read
'New vision': Why economists are raising the alarm over the UK's green finance plans

Policy

'New vision': Why economists are raising the alarm over the UK's green finance plans

Calls mount for government to take more ambitious action to work with private sector to bring UK's financial system into line with climate goals

clock 05 July 2022 • 5 min read
FCA sees 'clear rationale' for stronger regulation of ESG data providers

Investment

FCA sees 'clear rationale' for stronger regulation of ESG data providers

UK's Financial Conduct Authority signals stronger regulatory oversight of ESG markets could be in the offing in response to growing 'greenwash' concerns

clock 30 June 2022 • 2 min read
Feeling stressed? Bank of England warns climate risks to become 'persistent drag' on profitability

Risk

Feeling stressed? Bank of England warns climate risks to become 'persistent drag' on profitability

A top HSBC executive may have downplayed the threat posed by climate risks, but the Bank of England's new stress test exercise suggests financial firms' profits would be hit

clock 24 May 2022 • 8 min read
Chancellor urges UK financial regulators to back Energy Security Strategy

Infrastructure

Chancellor urges UK financial regulators to back Energy Security Strategy

Rishi Sunak calls on Bank of England to encourage financial sector to back domestic oil and gas production 'where practical and relevant'

clock 08 April 2022 • 6 min read
'Further work required': Bank of England raises alarm over financial industry's inconsistent approach to climate risk

BusinessGreen

'Further work required': Bank of England raises alarm over financial industry's inconsistent approach to climate risk

Prudential Regulation Authority puts action on climate risk among its top priorities for global banks in 2022

clock 13 January 2022 • 2 min read
Bank of England toughens up green rules on corporate bond purchases

Investment

Bank of England toughens up green rules on corporate bond purchases

Central bank will no longer buy bonds from companies which make money from coal mining, BofE Governor Andrew Bailey announces

clock 05 November 2021 • 1 min read
Government unveils fresh climate risk disclosure rules for large firms

Investment

Government unveils fresh climate risk disclosure rules for large firms

UK set to become first G20 nation to enshrine mandatory TCFD requirements into law from April 2022 in move that is set to impact 1,300 businesses

clock 29 October 2021 • 4 min read
MPs urge Bank of England to step up green investment and regulate fossil finance

Investment

MPs urge Bank of England to step up green investment and regulate fossil finance

Dozens of peers and MPs pen letter to Bank of England Governor Andrew Bailey urging him to tighten rules for fossil fuel financing ahead of pivotal COP26 Climate Summit

clock 16 September 2021 • 4 min read

Investment

The Bank of England needs to act on - not just stress-test - the risks posed by climate change

Our economy, environment and society are already stressed to their limits by Covid-19 and the climate emergency - now is the time for action, argues Lukasz Krebel of the New Economics Foundation

clock 09 June 2021 • 5 min read
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