Why are food and energy prices going up and down so quickly?
Fossilflation and climateflation explained
Is the ECB’s corporate portfolio really getting greener?
The Corporate Sector Purchase Programme was supposed to boost the real economy, but it ended up supporting the fossil fuel industry
EU Parliament approves the Energy Performance of Buildings Directive!
The EPBD includes unprecedented energy efficiency standard on mortgages to unlock the renovation wave
EU Parliament offers historic solution on ECB’s secondary objectives
On the 16th of February, the European Parliament adopted a resolution offering a solution to the long-neglected secondary mandate of the European Central Bank (ECB) but fails to acknowledge the link between our dependence on fossil fuels and price stability.
The ECB’s climateflation headache
Extreme weather events are growing in size, power and frequency, meaning our economies are increasingly disrupted. We show how this results in climateflation, which poses a dilemma to the ECB’s policymaking. In a world plagued by supply shocks induced by climate change, conventional monetary policy faces complicated trade-offs in terms of economic activity and prices, while at the same time proving incapable of tackling the source of inflation.
EU Parliament’s energy committee adopts ambitious position on EPBD directive
In a vote this morning, the European Parliament’s committee on energy adopted an ambitious position on the review of the Energy Performance of Buildings directive, with stronger standards and obligations to renovate while ensuring financing will be available for people in the form of subsidies and bank loans.