All Fields of Science Journal Liaison Academia and Sosiety
Vol. 5 No. 2: Juni 2025

The Role of Central Banks in Green Monetary Policy: A Systematic Literature Review

Arsyaf Tampubolon (Universitas Mahkota Tricom Unggul, Medan)
Andri Soemitra (Universitas Islam Negeri Sumatera Utara, Medan)
M. Shabri Abd. Majid (Universitas Syiah Kuala, Banda Aceh)



Article Info

Publish Date
08 Aug 2025

Abstract

p class= 8AbstrakBahasaIndonesia Climate change has introduced new challenges to global economic stability prompting central banks to reconsider their roles in supporting the transition to a low carbon economy This study aims to evaluate the role of central banks in green monetary policy through a Systematic Literature Review SLR approach By analyzing 31 selected scholarly articles from reputable international journals this research identifies trends instruments and institutional dynamics related to the integration of climate policy into the monetary policy framework The findings indicate that central banks have begun to develop instruments such as green quantitative easing a preference for green bonds and environmentally oriented window guidance Nevertheless the effectiveness of green monetary policy is significantly influenced by institutional capacity cross sectoral coordination and the presence of a supportive legal framework This review underscores the importance of evidence based approaches regulatory harmonization and the strengthening of sustainability frameworks in designing climate responsive monetary policies The resulting policy implications are expected to serve as a reference for policymakers in enhancing the role of central banks in the era of climate change p

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Journal Info

Abbrev

AFoSJ-LAS

Publisher

Subject

Description

Jurnal ini menyediakan akses terbuka langsung ke kontennya berdasarkan prinsip bahwa menyediakan penelitian secara bebas kepada publik akan mendukung pertukaran pengetahuan global yang lebih ...