Financing the Transition Away from Fossil Fuels: The Systemic Role of Central Banks

The 1st Transitioning Away from Fossil Fuels conference in Santa Marta created a new ‘coalition of the doing’ to accelerate the global clean energy transformation in ways that are just and orderly. Fossil fuels are not only the primary cause of catastrophic climate change, but they are also a structural source of economic and financial insecurity. Central banks are increasingly recognising this threat to price and financial stability, and at the TAFF conference, the Santa Marta Transition and Financial Stability Group was launched by WRI and LINGO as a dedicated community of practice for this vital agenda.