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Features Australia

Central banks are fake climate heroes

Changing weather patterns and ‘stranded assets’ don’t trigger systemic financial crises

2 September 2023

9:00 AM

2 September 2023

9:00 AM

The Bank of England has rejigged how it tenders for the polymer used in banknotes to reduce their carbon intensity. The UK central bank will investigate alternatives to gas-fired heating for its London headquarters and Essex printing works. Zoom calls are preferred to flights. Such are the details in the BoE’s first ‘Climate transition plan’ that was released in July and outlines how the central bank intends to reach net-zero emissions from its ‘physical’ operations by 2040.

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