In a vote on Tuesday 15th February, Members of the European Parliament (MEPs) told the European Central Bank to step up its commitment to fight climate change beyond its action plan adopted in July 2021.
Acting on a long-standing recommendation from Positive Money Europe, the European Parliament’s ECON Committee announced last week that it is ready to negotiate a new accountability framework with the ECB. It remains unclear however if the ECB will join the initiative.
A recording of Positive Money Europe’s new webinar on Helicopter Money is now available online.
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.