Students take part in a demonstration against inaction on climate change as part of a global student strike movement on March 15 in London, Britain. Photo: EPA-EFE
Andrew Sheng
Opinion

Opinion

Andrew Sheng

How the US Federal Reserve is financing climate change by taking its cue from modern monetary theory

  • A central bank policy that floods the economy with money and fuels consumption also exacerbates climate change, the greatest threat to humanity’s existence

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Students take part in a demonstration against inaction on climate change as part of a global student strike movement on March 15 in London, Britain. Photo: EPA-EFE
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Andrew Sheng

Andrew Sheng

Andrew Sheng is a former central banker and financial regulator, currently distinguished fellow at the Asia Global Institute, University of Hong Kong. He writes widely on Asian perspectives on global issues, with columns in Project Syndicate, Asia News Network and Caijing/Caixin magazines. His latest book is “Shadow Banking in China”, co-authored with Ng Chow Soon, published by Wiley.