by Adua Dalla Costa | Apr 4, 2022
In 2021, the ECB embraced a major shift in thinking by adopting a roadmap on climate change. However, given the urgency of the environmental breakdown and the current energy costs crisis, progress remains too slow. Together with 16 partner NGOs, we offer the ECB recommendations on how to best implement the ECB’s climate strategy.
by Uuriintuya Batsaikhan | Feb 23, 2022
New research by Positive Money Europe and WWF proposes expanding the role of Eurosystem’s own internal credit assessment systems, the so-called ICASs, to integrate climate and environmental risks. We see the increasing role and potential of C&E risk integration into ICASs as a concrete, workable and impactful way to green the collateral framework.
by Marc Beckmann | Oct 25, 2021
A new report by Positive Money Europe proposes to break the deadlock on the ECB’s secondary mandate. Rather than cherry-picking its secondary objectives, the ECB should coordinate with other EU institutions to seek clarity on which EU priorities the ECB should support.
by Uuriintuya Batsaikhan | Aug 6, 2021
With the results of the ECB strategy review now published, the commitment of the ECB to tackle climate change is officially on paper. While it is a step in the right direction, disclosures, as largely planned by the ECB, in themselves do not constitute significant actions towards tackling climate change. Combined with the slow speed of implementation, we doubt the ambition of the climate roadmap.
by Stan Jourdan and Marc Beckmann | Mar 3, 2021
Those sceptical that the European Central Bank (ECB) should its green monetary policy claim this is not compatible with the ECB’s mandate, and that this would be undemocratic. But fighting climate change is part of the ECB’s mandate, and democratically elected politicians can legitimise a greener approach.
by Positive Money Europe | Dec 4, 2019
On Monday 2 December 2019, a group of NGOs including Positive Money Europe met with the new President of the European to hand over a letter calling on the ECB to accelerate its efforts in the fight against climate change.