Anna Pick
Central banks failing to match green rhetoric with action – report
31 March, 2021FOR IMMEDIATE RELEASE Absence of high impact climate policies among G20 central banks, report reveals London, 31 March 2020 - Monetary and financial authorities across the world’s largest economies aren’t practicing what they preach on climate, according to a new report published today by research and campaign group Positive Money. Endorsed by 24 leading research [...]
Sunak urged to stop bankers fuelling climate crisis in Budget
24 February, 2021London, 24 February 2021 Rishi Sunak should use his upcoming Budget to enable the Bank of England to shift billions of pounds away from fossil fuels and towards a green recovery, tens of thousands of people told the Chancellor today. A petition organised by campaign groups Positive Money, SumOfUs and 350.org, and signed by nearly [...]
Quantitative easing “turbocharges” inequality: our evidence to the House of Lords
19 February, 202119 Feb Giving evidence to the House of Lords’ Economic Affairs Committee, Positive Money’s Fran Boait told members that since the financial crash, the Bank of England’s money creation programme has “turbocharged” inequality, by propping up stock markets at the expense of the real economy. We were delighted to be invited to give oral evidence [...]
Cross-party report urges green recovery from Covid
17 February, 2021London, 17 Feb 2021 Research and campaign group Positive Money welcomes a new report from MPs on the Conservative-led Environmental Audit Committee (EAC) which concludes that Covid-19 is a symptom of environmental breakdown and sets out how the government can enable a green economic recovery from the crisis. Titled ‘Growing back better: putting nature and [...]
Sunak must make sure BoE doesn’t water down climate ambition
5 February, 2021London, 4 Feb 2021 Responding to comments from Andrew Bailey that suggest the Bank of England intends to ‘incentivise’ fossil fuel companies to decarbonise, rather than actively excluding them from the Bank of England’s corporate bond purchases, Fran Boait, executive director at Positive Money, said: “It’s positive that the Bank of England is recognising that [...]
Environmental Audit Committee blasts Bank of England for high-carbon stimulus
25 January, 2021London, 25 January 2021 Research and campaign group Positive Money welcomes the Environmental Audit Committee’s (EAC) calls for the Bank of England (BoE) to align its corporate bond purchases with the Paris Agreement before COP26, as well as its recommendation for the Bank to add conditions to shorter-term corporate support schemes. In a letter to [...]
Labour needs new thinking
14 January, 2021London, 13th January 2020 Positive Money response to Labour macroeconomic framework Responding to Shadow Chancellor Anneliese Dodds’ speech on Wednesday evening outlining Labour’s macroeconomic framework, research and campaign group Positive Money has welcomed the party’s commitment not to over-rely on monetary policy, but warns that we need new thinking that matches up to the challenges we [...]
Bank of England falling behind on climate leadership – Positive Money response
11 December, 2020London, 11th December 2020 Below is comment from Positive Money on the Bank of England governor Andrew Bailey’s comments on climate change this morning at the Financial Stability Report press conference. Simon Youel, Head of Policy and Advocacy at Positive Money, said: “Andrew Bailey claims that there is no ‘lack of leadership’ on climate action [...]
Banking regulator to allow lenders to resume dividend payouts – Positive Money response
10 December, 2020Below is comment from Positive Money on this afternoon’s announcement that the banking regulator, the Prudential Regulation Authority (PRA), will give lenders the green light to resume dividend payments, just 9 months after they were suspended to encourage banks to preserve capital for lending and support the recovery. London, 10 December 2020 Responding to news [...]