As reported this is at least a refreshing breath of honesty. In all I have read (not everything, it's a mountain) of the BoE, ECB, BIS, OECD, IMF treatment of "climate risk," there is a vague insinuation that climate itself poses a "risk," which is utter nonsense.
Is is John Cochrane complaining about central banks regulated markets, actually. I did not read it, but rest assured this is about central banks collecting taxes on Green stuff to subsidize government doing Brown stuff. Another version of California taxing energy efficiency to subsidize energy inefficieny.
We are going to have another big mess all over the place.
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