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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 said climate change and nature degradation fall 'squarely within' the mandates of central banks, defending the ECB's role in addressing environmental risks. The remarks reinforce the bank's position that supervising climate-related financial risks is part of its core task of maintaining financial stability, a stance that continues to draw scrutiny from critics who argue central banks are overstepping.
Why now: Central banks' role in climate policy remains politically contested, so a senior ECB official's public defence draws attention
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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