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ECB's Sleijpen: Central Banks Can't Ignore Climate Change
Original: ECB’s Sleijpen Says Central Banks Can’t Ignore Climate Change
European Central Bank official Olav Sleijpen said central banks cannot afford to ignore climate change, arguing its economic and financial effects fall within their mandate. The remarks add to an ongoing debate over whether monetary policymakers should weigh climate risks in supervision and policy, a topic that remains contentious among economists and politicians on both sides.
Why now: Climate risk is a flashpoint in debates over central bank mandates and independence.
European Central BankOlav Sleijpen
Evidence
- ECB’s Sleijpen Says Central Banks Can’t Ignore Climate Change · Bloomberg.com
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