For many across the world, the U.S. Federal Reserve’s decision to exit the Network for Greening the Financial System (NGFS) is a sign that central banks can refocus on their primary mandates: stabilizing economies, controlling inflation and fostering growth.
Developing nations that need financial backing for the development of fossil fuel projects to advance economic development hopefully can look forward to a reversal of the vacuous injection of a climate change agenda into monetary policy. This corruption of the financial system has burdened the impoverished of the Third World with “green” mandates that impede the eradication of poverty and the ills that accompany it.
Read Full Article »
