Greener Central Banks: Exploring Possibilities
The mandate of a central bank typically includes maintaining price stability and ensuring financial system stability and sustainable economic growth. In the near future, the central bank can arguably play a very important role by being a leader rather than a laggard in climatic change policies. In the effort to mainstream climate change policies of a central bank, the 'green' concept can be integrated and incorporated in all aspects of a central bank's policies. The paper thus attempts to explore opportunities for adopting an explicit green policy agenda by a central bank.
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- van den Bergh, Jeroen C. J. M., 2004. "Optimal climate policy is a utopia: from quantitative to qualitative cost-benefit analysis," Ecological Economics, Elsevier, vol. 48(4), pages 385-393, April.
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