ECB Ramps Up Its Role In Tacking Climate Change

ECB Ramps Up Its Role In Tacking Climate Change

The European Central Bank unveiled plans on Thursday to take greater account of climate change in its key monetary policy decisions, the latest in a series of steps by the world’s biggest central banks to acknowledge their role on the issue. Detailing the results of a long-awaited strategic review, it said climate change would be a factor in ECB policy related to the disclosure of financial information, risk assessment, collateral and its corporate sector asset purchases.

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