In order to pursue further accommodative effects by means of monetary policy under the situation in which there is little room for further lowering short-term interest rates, there is no way but to step into a new territory beyond that of traditional monetary policy and to employ a wide range of policy measures in the Bank’s policy toolkit, thereby enhancing policy effects.
Equity investors, with a typically longer investment horizon and a greater appetite for projects that are both high risk and high potential return, might be better placed to finance environmentally 3/4  BIS central bankers' speeches  sustainable innovation than credit investors. This is especially true in the current context of uncertainty and data that are scarce and lacking in harmonisation.