The European Central Bank (ECB) and European Banking Authority (EBA) are failing to walk the talk on fighting climate breakdown and are lagging behind China and Brazil in their actions in response to climate change, a new study by Positive Money UK reveals.
Eight MEPs from across the political spectrum have joined forces to ask the European Central Bank to properly research helicopter money. By doing so, MEPs are showing that cross-party support exists in the European Parliament for the ECB to make direct payments to eurozone residents.
In a letter to Positive Money Europe, European Central Bank (ECB) President Christine Lagarde has outlined how the ECB is fighting the climate crisis. Her letter was responding to a recent letter sent to Lagarde from 45 civil society organisations, demanding the ECB stop breaking its climate promises by supporting some of the world’s most polluting companies in its response to the Covid-19 pandemic.
The European Central Bank (ECB) had promised to green its ways of working. But because of the coronavirus, it is breaking this promise and supporting some of the worst fossil fuel polluters. Forty-five NGOs and think tanks have written to ECB President Christine Lagarde demanding action.