ECB monetary policy seeks to flee from climate change consequences
Monday 14 February 2022 – Vol.13 Ed.7.1
Commentary: ECB must choose fight, not flight, on climate change
By Rens van Tilburg and Aleksander Simić
‘Fight or flight?’ When it comes to climate change, the global community has decided that it needs to put up a fight. This is seemingly not the way the European Central Bank views things. As part of its monetary strategy review, it concluded that climate should be considered in setting and implementing its monetary policy. However, rather than fighting climate change, the ECB seeks to flee from its consequences.
Read the full commentary on the website.
Meeting: Emerging trends in banks’ climate and environmental integration
Thursday 24 February 14:00-15:00
This panel will discuss the implications of COP26 for financial sector commitments to net zero, the effects of climate change on credit and liquidity risk, as well as the latest developments in central bank stress testing and scenario analysis tools. Considerations of ecological and biological degradation are also increasingly high on the agenda, and panellists will consider the challenges and opportunities arising from assessing nature-related financial risks.
Register to attend here.
