Ulrich Volz (SOAS Centre of Sustainable Finance; German Development Institute; INSPIRE), Nick Robins (Grantham Research Institute, LSE), Shamshad Akhtar (Karandaaz Pakistan), Danae Kyriakopoulou (OMFIF) and Adam Tooze (Columbia University) discuss how central banks can fulfil their mandates for financial stability and align their COVID response measures with the Paris agreement in order to avoid locking in to a high carbon recovery. The panel look beyond short-term view of current prices and discuss broader trends and changes that may be occurring in the central banking space. The panel address questions such as ‘are we witnessing the dawn of a new era of central banking?’ and ‘what should the new normal for central banks look like?’.