European Central Bank to establish center on climate change
The center, it added, will be in charge of the agenda related to climate issues in the eurozone.
In this regard, ECB President Christine Lagarde noted that ‘climate change affects all areas of our monetary policy’ and added that the new structure will include topics on climate in the business routine of the European bank.
She also warned that risks related to climate change are not the same in countries and sectors of the European economy.
Without affecting the main objective of price stability, she added, the ECB will assess how to support the economic policies of the European Union and its priorities in the fight against climate change.