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EU urged to coordinate monetary and fiscal policy on climate
Original: Monetary, fiscal coordination needed to address climate change in EU
Green Central Banking reports that addressing climate change in the European Union will require closer coordination between monetary and fiscal authorities. The argument is that central banks and national governments cannot tackle climate risks effectively in isolation, and that aligned policy tools would be needed to direct investment and manage climate-related financial instability across the bloc.
Why now: Climate policy coordination in the EU is under renewed scrutiny as governments and central banks weigh how to finance the green transition.
European UnionGreen Central BankingEuropean Central Bank
Evidence
- Monetary, fiscal coordination needed to address climate change in EU · Green Central Banking
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