Episode Details

The Bank of England is taking a bold step toward climate accountability by banning thermal coal bonds from central bank loan collateral starting this October, citing escalating financial risks tied to the global shift to net-zero energy. While quietly implemented in June, the move signals a major shift in how financial stability and environmental responsibility intersect — with climate advocates cheering but calling for broader action to exclude all environmentally harmful assets. The Bank’s cautious approach may set a precedent, but its real impact hinges on how it measures climate-related financial risks — a step forward, but not enough to tackle the full scope of the climate crisis.

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