The ECB has to protect its balance sheet from financial risks caused by climate change – Fabio Panetta

He European Central Bank (ECB) has to protect its balance sheet from financial risks caused by climate change, the ECB Executive Board member said on Monday, Fabio Panetta.

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“He ECB can contribute to environmental policies in the implementation of monetary policy“.

“By conducting its own analysis of climate risks, the ECB can contribute to the assessment.”

“These issues are currently being considered as part of our strategy review of monetary policy “.

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