✉news BusinessBanking first seen 12 h ago, last 53 min ago, peak #2
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 executive board member Frank Elderson said climate change and nature degradation fall 'squarely within' central bank mandates, defending green monetary policy against critics who argue central banks overstep their remit. The remarks reinforce the ECB's position that climate risks directly affect price stability, financial supervision and the banking system it oversees.
Why now: Debates over whether central banks should address climate change remain politically contentious.
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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