The focus on the activities of private banks and the ways in which they could be influenced or controlled grew in part out of the experiences of the Depression in the early 1930s and the major banking crisis in Australia in the 1890s.
Further, with the UN Intergovernmental Panel on Climate Change (IPCC) recently highlighting potential global warming of above 1.5 degrees Celsius, unless actions are taken for deep reductions in carbon dioxide and other greenhouse emissions in coming decade, the onus is definitely now on Central Banks to take forward the climate change topic as part of their sustainability agenda.