External publications

Inclusive green finance: a new agenda for central banks and financial supervisors

Volz, Ulrich / Peter Knaack
External Publications (2023)

The INSPIRE Sustainable Central Banking Toolbox, Policy Briefing Paper No.12

Climate change and environmental degradation can have profound economic impacts, which may translate into micro- and macro-financial risks that need to be addressed by central banks and financial supervisors. This paper shows that, through an integrated inclusive green finance (IGF) approach, central banks and financial supervisors can enable banks and supervisors to foster a just transition to an environmentally sustainable economy and avoid potential adverse effects on economically vulnerable groups.