Today we took to the streets to demand that the Bank of Belgium takes concrete measures to support the energy transition and help finance building renovations for energy efficiency.
Fossilflation and climateflation explained
The Corporate Sector Purchase Programme was supposed to boost the real economy, but it ended up supporting the fossil fuel industry
The EPBD includes unprecedented energy efficiency standard on mortgages to unlock the renovation wave
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.
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.
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