FROM THE BLOG

Implications of the ECB’s new operational framework for the green transition

Implications of the ECB’s new operational framework for the green transition

On Wednesday March 13, 2024, the European Central Bank (ECB) announced changes to its operational framework, the toolbox it uses to implement its monetary policy. Think of it like the control panel of a car, with the ECB adjusting the settings (interest rates) to keep the car (financial conditions and prices) running smoothly. The operational framework relates to how the ECB adjusts these settings, which is to say the mechanisms by which it sets interest rates.

Dual rates: here is how the ECB can speed up the green transition

Dual rates: here is how the ECB can speed up the green transition

When we think of fighting climate change, financial institutions like the European Central Bank (ECB) might not immediately come to mind. However, as we have shown in our latest explainer, the ECB holds a pivotal role in this global challenge. As a major financial authority, the ECB can influence financial flows and investments across Europe, making it a potential powerhouse in driving the green transition.

A missed opportunity: EU Parliament’s resolution falls short on green initiatives

A missed opportunity: EU Parliament’s resolution falls short on green initiatives

On Tuesday, 27 February 2024, the European Parliament adopted its annual resolution on the Annual Report of the European Central Bank (ECB). While this resolution is non-binding, it serves as an important tool for monitoring and evaluating the ECB’s activities, both past and present. It also provides a platform for the European Parliament to offer recommendations for the Bank’s future policies. Essentially, it is a key instrument for democratic oversight of an independent institution like the ECB, whose decisions significantly impact the lives of Europeans. 

Join the campaign

As a supporter, you’re at the heart of everything we do. We’d love to keep you updated about our exciting work and the ways you can help, including campaigns and events that you might be interested in. We promise never to sell or swap your details and you can change your preferences at any time. To do so, simply call +32 2 880 04 34 or email info@positivemoney.eu

Read our privacy policy here.

FOLLOW US

SIGN UP TO OUR EMAILS

As a supporter, you’re at the heart of everything we do. We’d love to keep you updated about our exciting work and the ways you can help, including campaigns and events that you might be interested in. We promise never to sell or swap your details and you can change your preferences at any time. To do so, simply call +32 2 880 04 34 or email info@positivemoney.eu

You have Successfully Subscribed!

Share This