Over 50 experts tell Bank of England: push forward with climate work
18 March, 2024LONDON, 18th March 2024 - Today over 50 leading economists and civil society voices have written to Andrew Bailey, Governor of the Bank of England, calling for the Bank to step up its work to align the financial sector with climate goals as a matter of urgency. Marking Bailey’s fourth anniversary as governor of the [...]
Stop the hidden subsidy to fossil giants: why the Bank of England’s collateral framework matters
28 February, 2024February 28, 2024 Sitting at the very heart of the financial system, collateral frameworks are some of the most powerful tools central banks have. But by not considering the environmental impact of the collateral it accepts, the Bank of England is handing an advantage to damaging sectors like fossil fuels. Our new paper explores how [...]
“A decade of austerity has left us woefully unprepared”: our evidence to the House of Lords
8 February, 2024February 8, 2024 Giving evidence to the House of Lords’ Economic Affairs Committee, Positive Money’s Head of Economics Danisha Kazi told members that we need a more sophisticated approach to managing the public finances, to respond to long-term challenges. This week, we were delighted to be invited to give evidence to the House of Lords’ [...]
The climate and nature crises are more important than ever for central banks
23 January, 2024January 23, 2024 Criticisms of the Bank of England’s green mandate are built on flawed foundations. Here’s why the Bank is absolutely right to push ahead with its work on climate and nature. The period of global inflation that began in 2021 and reached a peak in the UK in the autumn of 2022 has [...]
Post conference season, is policy shaping up for a fairer housing system?
19 October, 2023October 19, 2023 Party conference season has come to an end, and the housing crisis looks set to be a key battleground for the next election. We delve into the key takeaways from political parties’ housing policy announcements, and how they stack up against the bold new approach we need to move beyond the ‘property [...]
Big finance wants to turn nature into an asset class – but that’s not the way to save it
16 October, 2023October 16, 2023 Nature is rising up the green finance agenda, but the financial industry is gearing up for new avenues for profit whilst its financing of nature's destruction goes unchecked. Governments, central banks and regulators need to actively steer finance away from harming nature for a just approach to saving it. Last month, over [...]