Why Central Banks see no difference between solar farms and coal plants

FORBES | Last year, central bank chiefs in the US and Europe for the first time widely embraced the necessity of taking action on climate change. 


Christine Lagarde, the new head of the European Central Bank (ECB), vowed during her confirmation hearings in September to make climate change a “mission critical” priority. Mark Carney, the former Bank of England chief, in December called for a “new financial system” to safeguard against climate-related financial threats. And US Federal Reserve chairman Jerome Powell has said that central banks must ensure that economies are “resilient and robust” to the risks of climate change. 


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