The ECB can boost the green transition and deliver back to price stability. Here is how!

The ECB can reconcile its price stability mandate with the EU’s environmental and economic objectives by offering differentiated lower rates for particular types of investments such as energy efficiency and renewables.

Help people heat homes! Our demonstration at the European Parliament

Today our activists and partners demonstrated in front of the European Parliament in Brussels, calling on Members of the European Parliament (MEPs) to help people heat homes.

2022 round up: what we achieved together this year

Key activities and moments from the last 12 month

President Lagarde, will it be a Merry Christmas or a Merry Crisis?

2022 has shown how important it is to live in homes that can protect us from the reckless actions of petrostates, and from skyrocketing fossil energy prices. For many families, it will be hard, if not impossible, to enjoy the Christmas period in healthy and comfortable homes. EU institutions, including the European Central Bank (ECB), can make sure that this will be the last Christmas of this kind. 

FROM THE BLOG

High interest rates are a threat to the green transition

High interest rates are a threat to the green transition

To reach net zero by 2050, the EU’s investment efforts are focused on two main areas: renewable energy and energy efficiency. The urgency for action has increased immensely given the current energy crisis. While the overall costs of green technologies have been decreasing and the scale of investments has been accelerating, the sudden and successive interest rate increases threaten to have a negative impact on the cost and the speed of the green transition. Only targeted monetary and fiscal interventions can counter the effects of rising rates and a deteriorating investment environment.

How monetary policy fuels housing inequality

How monetary policy fuels housing inequality

Extensive research shows that the past decade of low-rates monetary policy has significantly contributed to rising house prices, thus fuelling a self-propagating mechanism of wealth inequality and decreasing housing affordability. However, raising rates can also harm economic welfare. How can policymakers make a fairer housing market?

Unlocking home renovation in Europe

Unlocking home renovation in Europe

As bills rise, the planet gets hotter, and the energy crisis rages, fuelled by foreign fossil fuel exports, it’s clear that we cannot continue to burn fossil fuels as we do now. In the European Union (EU), buildings are currently responsible for 36% of carbon emissions – we need to take urgent measures to reduce energy use in our homes. Our people-powered “Unlock” campaign is based on three key demands to make this happen.

A review on the distributional effects of monetary policy

A review on the distributional effects of monetary policy

Inequality has long been a foremost public concern, but not so for central banks. While the orthodoxy according to which central banks engage in “neutral” policy-making is slowly crippling away, we’re still enormously far from taking the distributional consequences of money creation and allocation seriously. Intensifying the debate on the inequality effects of the central bank’s monetary policy is a small step in that direction. This blog suggests several starting points for that. 

A people’s monetary dialogue: what our supporters want from the ECB

A people’s monetary dialogue: what our supporters want from the ECB

True to our commitment to being the bridge between people and the European Central Bank (ECB), ahead of the last monetary dialogue in June we collaborated with our friends at SumOfUs to collect our supporters’ views, expectations and concerns related to the ECB’s work. The results showed overwhelming support for ambitious and proactive environmental actions by the ECB. They also rang a bell about the need for clearer communication from the Central Bank on the effects of its interest rate hikes.

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