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Climate acts vs central bank acts - the power of arm's length distance
KTH, School of Architecture and the Built Environment (ABE), Sustainable development, Environmental science and Engineering, Sustainability Assessment and Management.ORCID iD: 0000-0001-8298-9200
KTH, School of Architecture and the Built Environment (ABE), Sustainable development, Environmental science and Engineering, Sustainability Assessment and Management.ORCID iD: 0000-0002-5600-0726
KTH, School of Industrial Engineering and Management (ITM), Energy Technology, Energy Systems. KTH, School of Industrial Engineering and Management (ITM), Centres, KTH Climate Action Centre, CAC. Univ Oxford, Environm Change Inst, Oxford, England.ORCID iD: 0000-0002-4770-4051
Södertörn Univ, Dept Nat Sci Technol & Environm Studies, Huddinge, Sweden.
2026 (English)In: npj Climate Action, E-ISSN 2731-9814, Vol. 5, no 1, article id 58Article in journal, Editorial material (Other academic) Published
Abstract [en]

Climate policies are increasingly politicized, and decisions often do not survive changes in government. This undermines international climate agreements, as effective governance requires predictability for businesses and other actors. A mechanism is needed to ensure long-term climate policies remain credible across administrations. Similar institutional structures exist for monetary policy in most Western countries. Climate policy could benefit from comparable arrangements, following the central bank principle of arm's length distance from politics.

Place, publisher, year, edition, pages
Springer Nature , 2026. Vol. 5, no 1, article id 58
National Category
Climate Science Economics
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URN: urn:nbn:se:kth:diva-387389DOI: 10.1038/s44168-026-00404-zISI: 001813086700001OAI: oai:DiVA.org:kth-387389DiVA, id: diva2:2094211
Note

QC 20260821

Available from: 2026-08-21 Created: 2026-08-21 Last updated: 2026-08-21Bibliographically approved

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Larsson, MarkusFinnveden, GöranFuso Nerini, Francesco

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