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Can Central Banks Go Green? The Interaction Between Monetary Policy and Climate Change

In: HANDBOOK OF ENVIRONMENTAL AND GREEN FINANCE Toward a Sustainable Future

Author

Listed:
  • Xuan-Hoa Nghiem
  • Hai Hong Trinh
  • Ikram Ullah Khan

Abstract

Since the 2030 Agenda for Sustainable Development was adopted by the United Nations in 2015 and combating climate change with urgent action is the 13th Sustainable Development Goal (SDG), the roles of financial sectors including central banking systems in facilitating sustainable finance have been documented (Dikau and Volz, 2019, 2021). Since the responsibility for financial and macroeconomic uncertainties is a part of the functionality of central banking systems as well as their regulatory control over credit, monetary, and financial systems, the allocations of green-oriented capital investments rely on their functionality and public financial governance policies. This chapter provides a literature review on central banking systems and their roles in fostering sustainable finance to mitigate climate change risk toward green growth.

Suggested Citation

  • Xuan-Hoa Nghiem & Hai Hong Trinh & Ikram Ullah Khan, 2024. "Can Central Banks Go Green? The Interaction Between Monetary Policy and Climate Change," World Scientific Book Chapters, in: Sabri Boubaker & Thai-Ha Le (ed.), HANDBOOK OF ENVIRONMENTAL AND GREEN FINANCE Toward a Sustainable Future, chapter 9, pages 275-294, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9781800614451_0009
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    More about this item

    Keywords

    Green and Impact Bonds; Green Banking and Financing; Green Finance in Europe; ESG Performance; Climate Change; Climate Justice; Green Mortgages; Sustainable Transition; Renewable Energies; Green Transition in The EU;
    All these keywords.

    JEL classification:

    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development

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