- January 24, 2020
MEPs endorse a climate role for European Central Bank
This is significant because, until now, Central Banks - banks which control the production and distribution of money and credit for a country or group of countries - have tended to view the environment as external to their mandates. However, there is a growing recognition amongst policy-makers and experts that the global economy faces significant and hugely destabilising climate-related financial risks that could turn into systemic financial risks.
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