News Analysis
Central banks have their eye on climate change developments but are unequivocal in their understanding that it falls outside their mandate of ensuring stable prices. Nevertheless, central bankers strive to address the roles they think they must play and some of the thorny issues therein, such as independence from government and communications with the public.
At a Jan. 10 central bank symposium in Stockholm hosted by Sweden’s Riksbank, Bank of Canada Governor Tiff Macklem said he’s often asked two questions: Why isn’t the bank doing more about climate change and why is it even weighing in on climate change?…