So, the Bank of England muses about climate change, central banks and greenery:
For example, should central bank monetary policy be charged with a green agenda? Should central banks take it upon themselves to encourage and support the formation of liquid environmentally-focused markets?
That’s just one of the ‘unconventional’ areas the BoE’s One Bank Research agenda — revealed by the Bank on Wednesday — is keen to explore in a bid to stay ahead of fundamental change affecting the economy and financial stability in the market.
One example given is climate change bonds. Another insurers and their reactions to extreme weather events. But then here’s Ritchie:
It was five years ago that Colin Hines and I created the idea of Green quantitative easing. It looks possible we may now get it.
Green QE is the idea that the BoE prints more money to spend on green things. And that isn’t one of the ideas under discussion. So, no.