London (CNN Business) Central banks are usually tasked with keeping inflation in check, while promoting economic growth and employment. “I am today updating the [Monetary Policy Committee’s] remit to reflect the government’s economic strategy for achieving strong, sustainable and balanced growth that is also environmentally sustainable and consistent with the transition to a net zero economy,” Bank of England Governor Andrew Bailey said in a statement. […] It said in a statement that it will provide more information on its planned approach in the coming months. […] Read More In a letter to Bailey on Wednesday, finance minister Rishi Sunak said that the central bank should “continue to act with a view to building the resilience of the UK financial system to the risks from climate change and support the government’s ambition of a greener industry, using innovation and finance to protect our environment and tackle climate change.” Sunak unveiled plans in his annual budget to issue at least £15 billion ($20.9 billion) worth of green bonds in the coming year to help finance projects that tackle climate change and create jobs in the green economy.
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