Greening Monetary Policy Operations: Exploring Additional Options

The NGFS is pleased to present this paper which expands current thinking by proposing a more holistic and inclusive approach to incorporating climate change considerations into monetary policy operations, by covering both the asset and liability sides of central banks’ balance sheets. In addition, considering greater flexibility and/or longer planning horizons for selective asset-side measures complements the expanded scope of greening monetary policy operations.

Other operations monetary policy reports are available here : 

• Adapting central bank operations to a hotter world: current progress and insights from practical examples
• Adapting central bank operations to a hotter world: reviewing some options