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ECB's Elderson says climate and nature fall within central bank mandates
Original: Climate and nature fall ‘squarely within’ central bank mandates, says ECB’s Elderson
European Central Bank board member Frank Elderson has stated that climate and nature degradation fall 'squarely within' the mandates of central banks, defending the institution's focus on environmental risks. The remarks come amid ongoing political pushback against central banks incorporating climate considerations into supervision and monetary policy.
Why now: Central bank climate policies remain a flashpoint between regulators who see environmental risks as financial risks and politicians who view the agenda as overreach
Frank EldersonEuropean Central Bank
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- Climate and nature fall ‘squarely within’ central bank mandates, says ECB’s Elderson · Green Central Banking
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