ECB Pledges to Inject Climate Considerations Into Its Decisions
- Central banks are seeking to make the financial system greener
- Move matches European Union’s priority on the environment
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The European Central Bank set out measures to consider the environment and climate change in its decision making process, part of an effort by central banks around the world to make the financial system greener.
ECB President Christine Lagarde said policy makers will inject climate-change considerations into asset purchases and broader monetary policy. They’ll also draw up a framework for how to weigh the issue against more traditional questions about how to manage the economy and banking system.