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ECB's Elderson says climate 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 said that climate change and nature degradation fall 'squarely within' the mandates of central banks. His comments reinforce the ECB's position that environmental risks must be factored into monetary policy, banking supervision and financial stability work, a stance that continues to draw attention and debate across the banking and climate policy world.
Why now: Debate continues over whether central banks should address climate risk, making a senior ECB official's emphatic statement newsworthy.
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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