Central Banking, Monetary Policy and the Environment

Edited by Louis-Philippe Rochon, Full Professor, Laurentian University, Canada, Editor-in-Chief, Review of Political Economy and Founding Editor Emeritus, Review of Keynesian Economics, Sylvio Kappes, Assistant Professor, Federal University of Alagoas, Brazil and Guillaume Vallet, Full Professor, Université Grenoble Alpes and Research Fellow, Centre de Recherche en Economie de Grenoble (CREG), France

Contents:

Introduction to Central Banking, Monetary Policy and the Environment 1
Louis-Philippe Rochon, Sylvio Kappes and Guillaume Vallet
1 Central banks and the zero-carbon transition: an
institutional challenge 21
Robert Guttmann
2 Monetary policy, environmental sustainability and the
climate emergency 54
Malcolm Sawyer
3 Endogenous money, green finance and central bank power 72
Basil Oberholzer
4 Monetary and financial policies for an ecological
transition: An overview of central banks’ actions and some
reflections on post-Keynesian insights 90
Romain Svartzman
5 Environmental change and the international lender of last resort 110
Michel Aglietta and Etienne Espagne
6 Climate change, financial instability and central banking 134
Giada Valsangiacomo
7 Towards an ecological market 154
Wesley C. Marshall
8 Financial regulation, uncertainty and the transition to
a net-zero-carbon economy 175
Josh Ryan-Collins
9 Money and the environment 199
Eric Kemp-Benedict
10 A green mandate: The Central Bank of Nigeria and
sustainable development 218
Salewa Olawoye-Mann
11 Mind the gap: Monetary policy and financial regulations
for supporting green finance 233
Lilit Popoyan and Giorgos Galanis

Index