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.
The ECB President wrote a letter to Positive Money Europe promising that the ECB has not stopped its reflection on climate change due to the 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.