Videó

The role of central banks in enhancing the green economy | Lámfalussy Lectures Conference 2023

The panel discussion entitled „The role of central banks in promoting the green economy in order to achieve sustainable long-term growth” tries to find the answer to what extend do central banks need to be involved in climate policy. More and more leading central banks have announced the intention to play an active role in facilitating the green transition of the financial sector and of the economies in broader context. Can central banks give up their market neutrality and loosen the distance from structural policies? In some countries, initiatives have been launched to incorporate in the central bank’s mandate to promote the green transition in order to avoid legal and legitimacy disputes. Possible central bank steps could include greening the central bank's non-monetary assets, greening the monetary policy securities and refinancing portfolios, stronger focus on climate risk in financial stabilization analysis or supporting government policies in the green transition in general.
0:00 | Intro
2:48 | Fireside chat
Moderator: Csaba Kandrács, Deputy Governor, Magyar Nemzeti Bank
Sean Kidney, CEO, Climate Bonds Initiative
23:55 | Panel discussion
Moderator: Gábor Gyura, Sustainable finance consultant, United Nations Environment Programme Finance Initiative (UNEP FI)
Sonja Gibbs, Managing Director and Head of Sustainable Finance, IIF
Linda Zeilina, Founder and CEO, International Sustainable Finance Centre (ISFC)
Henner Asche, Deputy Director General, Markets, Deutsche Bundesbank
Cheng Lin, Director, Center for International Collaborations, Beijing Institute of Finance and Sustainability (online)
1:28:54 | Closing Remarks Mihaly Patai, Deputy Governor, Magyar Nemzeti Bank