FROM THE BLOG
A missed opportunity: EU Parliament’s resolution falls short on green initiatives
On Tuesday, 27 February 2024, the European Parliament adopted its annual resolution on the Annual Report of the European Central Bank (ECB). While this resolution is non-binding, it serves as an important tool for monitoring and evaluating the ECB’s activities, both past and present. It also provides a platform for the European Parliament to offer recommendations for the Bank’s future policies. Essentially, it is a key instrument for democratic oversight of an independent institution like the ECB, whose decisions significantly impact the lives of Europeans.
New report: Inflation as an ecological phenomenon
We are excited to share our latest policy report, co-authored with Grantham Research Institute: ‘Inflation as an ecological phenomenon’. The report shows clearly how the planet’s worsening environmental situation and a reliance on fossil fuels both contribute to rising prices.
Historic agreement reached to boost transparency in ESG rating agencies
New EU rules tackle greenwashing and push for transparency
Banks are making billions while people struggle – the ECB needs to act
Today, together with a group of distinguished economists and Members of the European Parliament (MEPs), we sent an open letter to the Governing Council of the European Central Bank (ECB). Our collective call is for a thorough reassessment of the minimum reserve requirements imposed on commercial banks within the euro area. Among the signatories are academics Paul De Grauwe, Yuemei Ji, Andrea Roventini, Sebastian Diessner and Philipp Heimberger, and MEPs including René Repasi, Philippe Lamberts, Bas Eickhout, Henrike Hahn, Paul Tang and Evelyn Regner. We are also joined by the UN Special Rapporteur, Olivier De Schutter.
New report: A roadmap towards greening the ECB
Discover our new policy report that explores the role of the ECB in mitigating climate change and environmental degradation.
The ECB is wrong. Green dual interest rates are possible – and necessary
Despite pressure from experts and Macron’s recent endorsement at COP28, the ECB resists dual rates for green projects, claiming it’s inconsistent with fighting inflation. Is this a valid argument? Read more
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