Why Big Central Banks Are Becoming Climate Warriors: QuickTake

The world’s largest central banks are joining the fight against climate change, figuring that doing nothing is riskier than getting involved. Melting glaciers can seem like a big leap from monetary policy, but more and more banks are saying that they have to respond to things that have the potential to disrupt economies globally. Some have received new mandates from their governments while others are exploring ways to contribute under existing rules. Still, critics say they can and should go a lot further.

1. What got central banks interested?

A growing body of research suggests that climate change poses the ...