Positive Money

Economists urge Bank of England to 'step up, not back' on climate change

Investment

Economists urge Bank of England to 'step up, not back' on climate change

Letter to Governor of the Bank of England Andrew Bailey calls for Bank to push forward with urgent work to tackle escalating climate risks

clock 18 March 2024 • 3 min read
'Hidden subsidy': Bank of England urged to stop accepting fossil fuel assets as collateral for public loans

Policy

'Hidden subsidy': Bank of England urged to stop accepting fossil fuel assets as collateral for public loans

Inclusion of fossil fuel assets in central bank's collateral framework is boosting value of coal, oil, and gas holdings, campaigners warn

clock 28 February 2024 • 2 min read
'Climateflation': Three quarters of UK adults worried about impact of climate change on bills

Risk

'Climateflation': Three quarters of UK adults worried about impact of climate change on bills

Survey of 2,000 UK adults reveals public are concerned climate impacts could trigger inflation in food, housing, and utility costs

clock 13 February 2024 • 3 min read
Public supports tax on fossil fuel firms to meet UK climate finance promises, study shows

Taxation

Public supports tax on fossil fuel firms to meet UK climate finance promises, study shows

Polling suggests public is broadly supportive of measures that would see fossil fuel revenues channelled towards climate-vulnerable nations

clock 21 September 2023 • 4 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

Investment

Feeling stressed? How the Bank of England climate stress-test could help accelerate decarbonisation efforts

Central Bank unveils climate scenarios for scaled-back 'exploratory exercise' to test financial system's readiness for physical and transitional risks

clock 08 June 2021 • 6 min read

Investment

It's time for central banks to match their green words with actions

Central banks and financial supervisors have a key role to play in closing the curtains on dirty finance and unlocking a tidal wave of green investment, writes Positive Money economist David Barmes

clock 01 April 2021 • 3 min read

Risk

G20 central banks failing to turn climate advocacy into action, research finds

Despite growing focus on risk disclosure and green investing, few central banks have taken concrete actions to cut off support for fossil fuels, Positive Money claims

clock 31 March 2021 • 3 min read

Policy

'Moral hazard': MPs urge Bank of England to clean up dirty investments ahead of COP26

Environmental Audit Committee calls on central bank to align its corporate bond purchasing programme with global climate goals

clock 24 January 2021 • 4 min read