When we think of fighting climate change, financial institutions like the European Central Bank (ECB) might not immediately come to mind. However, as we have shown in our latest explainer, the ECB holds a pivotal role in this global challenge. As a major financial authority, the ECB can influence financial flows and investments across Europe, making it a potential powerhouse in driving the green transition.
Read our explainer series on central banking and grasp the basics needed to understand this key institution!
As a consequence of the European Central Bank (ECB) raising its interest rates, banks are making sky-high unearned extra profits, while people and public budgets are only losing out. We believe that a money system that benefits private over public interests needs to be deeply reformed.
Despite its decision to start raising interest rates, the European Central Bank President Christine Lagarde signaled an interest in introducing a “green TLTRO” system – a reference to Positive Money Europe’s proposal which is now making a comeback in the debate.
A recording of Positive Money Europe’s latest webinar is now available. What role can the banking sector play in the Renovation Wave? How can the European Central Bank unlock affordable green loans and green mortgages? Our experts answered these questions.
A recording of Positive Money Europe’s new webinar on the ECB’s neglected secondary mandate is now available online.
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