Green finance efforts should include the US, central bankers say

17 April 2019 9:52pm
Central bankers looking to encourage environmentally friendly investment today tried to draw into their ranks the one notable absentee — the US.

The national banks of France, Germany, Mexico and China are fully on board with plans to ensure climate change risks are integrated into financial market decisions. The Federal Reserve, by contrast, is merely looking on from the sidelines.

The US would be “very welcome” to join a global network aiming to make the financial system greener, Bank of England Governor Mark Carney told a conference in Paris today dedicated to the subject.* “There’s space for the world’s largest economy.”

European regulators hope that the political realities of the current US government, will be tempered by a realization that the issue is a financial one like any other.