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Those sceptical that the European Central Bank (ECB) should its green monetary policy claim this is not compatible with the ECB’s mandate, and that this would be undemocratic. But fighting climate change is part of the ECB’s mandate, and democratically elected politicians can legitimise a greener approach.
Seit dem Ausbruch der Covid-19-Krise ist eine Debatte darüber entstanden, ob wir die Staatsschulden bei den Zentralbanken abschreiben sollten. Trotz der technischen Machbarkeit ist der Schuldenerlass nicht die erstbeste Maßnahme, für die es sich zu kämpfen lohnt.
A new report by Positive Money Europe proposes to accelerate building renovations in the EU by tweaking the European Central Bank’s gigantic “TLTROs” programme to incentivize banks to offer cheap loans for building renovations.
Dall’inizio della crisi da Covid-19, è emerso un dibattito circa la possibilità di cancellare i debiti pubblici detenuti dalle banche centrali. Seppur realizzabile, la cancellazione del debito non è la miglior proposta per la quale schierarsi.
In a vote on 9 February, Members of the European Parliament (MEPs) told the European Central Bank (ECB) to incorporate climate-related risks in its policies. The Parliament also formally agreed to start negotiations with the ECB to formalise its accountability framework.
To ensure monetary policy does not conflict with the EU’s carbon neutrality targets, the European Central Bank must replace its current ‘market neutrality’ approach and rely instead on the EU taxonomy, a new briefing by Positive Money Europe argues.