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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 Steven Sleijpen said central banks cannot afford to ignore climate change, arguing that its economic and financial effects fall within their mandates. The remarks add to the ongoing debate among policymakers over how far monetary authorities should factor climate risks into supervision, stress testing and monetary policy decisions.
Why now: Central banks' role in addressing climate risk is a live policy debate in global banking circles.
Steven SleijpenEuropean Central Bankclimate change
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Evidence
- ECB’s Sleijpen Says Central Banks Can’t Ignore Climate Change · Bloomberg.com
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