While Western central banks hesitate on climate, China's acts
Larsen, M. & Jackson, J.
(10 December 2025)
While Western central banks hesitate on climate, China's acts.
LSE Business Review.
Of the four largest central banks, three have failed to turn climate rhetoric into action. The Federal Reserve has chosen abstention. The European Central Bank and the Bank of England have chosen cautious risk management. Only the People’s Bank of China has chosen direct intervention. Mathias Larsen and James Jackson analyse the four institutions’ motivations and approaches.
| Item Type | Blog post |
|---|---|
| Copyright holders | © 2025 The Author(s) |
| Departments | LSE > Research Centres > Grantham Research Institute |
| Date Deposited | 19 Jan 2026 |
| URI | https://researchonline.lse.ac.uk/id/eprint/131021 |