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Greening collateral frameworks

Dafermos, Yannis, Gabor, Daniela, Nikolaidi, Maria and van Lerven, Frank (2022) Greening collateral frameworks. The INSPIRE Sustainable Central Banking Toolbox Policy Briefing Papers (7). Grantham Research Institute on Climate Change and the Environment, London School of Economics and Political Science, London, UK.

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Abstract

Central bank collateral frameworks play a powerful role in contemporary market-based financial systems, affecting demand for financial assets and access to finance. However, existing collateral frameworks suffer from a carbon bias: they create disproportionately better financing conditions for carbon-intensive activities. This paper highlights the need to green the collateral frameworks and explores how central banks can incorporate environmental criteria into these frameworks.

Item Type: Monograph (Report)
Official URL: https://www.inspiregreenfinance.org/publications/
Additional Information: © 2022 The Authors
Divisions: LSE
Subjects: H Social Sciences > HG Finance
G Geography. Anthropology. Recreation > GE Environmental Sciences
Date Deposited: 20 Sep 2022 07:51
Last Modified: 10 Oct 2022 14:48
URI: http://eprints.lse.ac.uk/id/eprint/116640

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