Market
Another major central bank to leave NGFS by end of 2025?
2
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from central banks or the NGFS
Story
Federal Reserve Withdraws from NGFS Climate Coalition, Five Governors Vote in Favor, Barr and Kugler Dissent
Jan 17, 2025, 06:34 PM
The Federal Reserve has announced its withdrawal from the Network of Central Banks and Supervisors for Greening the Financial System (NGFS), a global coalition focused on climate and transition risks for the financial sector. The decision was made with five governors voting in favor of leaving, while Michael Barr and Adriana Kugler dissented. The Fed cited that the NGFS's broadened scope now falls outside its statutory mandate. The NGFS, launched in 2017, has been a platform for central banks to study climate risk.
View original story
Similar markets
Other • 25%
Bank of Japan • 25%
Bank of England • 25%
European Central Bank • 25%
Bank of Japan • 25%
Other • 25%
Bank of England • 25%
European Central Bank • 25%
Statutory mandate concerns • 25%
Other • 25%
Operational scope differences • 25%
Political pressure • 25%
Scope Beyond Mandate • 25%
Other • 25%
Political Pressure • 25%
Internal Disagreements • 25%
Scope beyond mandate • 25%
Other • 25%
Financial constraints • 25%
Political pressure • 25%
Strengthen internal climate policies independently • 25%
Rejoin NGFS • 25%
No significant change in climate policy stance • 25%
Join a different climate-focused coalition • 25%
Other • 25%
Resource allocation • 25%
Political pressure • 25%
Broadening scope of NGFS • 25%
Predominantly positive • 25%
Predominantly negative • 25%
Mixed reactions • 25%
Largely indifferent • 25%