The mandate of a central bank typically includes maintaining price stability and ensuring financial system stability and sustainable economic growth. In the near future the central bank can arguably play a very important role by being a leader rather than a laggard in climatic change policies. In the effort to mainstream climate change policies of a central bank the green concept can be integrated and incorporated in all aspects of a central banks policies. The paper thus attempts to explore opportunities for adopting an explicit green policy agenda by a central bank.