Unlike advanced economies where central bank mandates are focused on ensuring price stability, developing economies tend to have a wider remit, including supporting the government’s economic policy agenda and its development efforts. So, they have more leeway to address climate change as it directly affects and interferes with their development efforts.
Unlike advanced economies where central bank mandates are focused on ensuring price stability, developing economies tend to have a wider remit, including supporting the government’s economic policy agenda and its development efforts. So, they have more leeway to address climate change as it directly affects and interferes with their development efforts.
to renewable energy companies incorporated in the Reserve Bank of India’s Priority Sector Loans scheme, under which 40 per cent of net commercial bank credit must support priority sectors. And as early as 2010,. In Bangladesh, commercial banks and non-bank financial institutions are required to allocate 5 per cent of their total loan portfolios to green sectorsThe impact of all this is clear.
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