ECB president Christine Lagarde recently announced a deliberately "green monetary policy". Private and institutional investors are increasingly focusing on sustainable and green investments, a market segment that has shown massive growth in recent years. At the same time, however, the aim is to further raise awareness among investors and banks with regard to climate-related risks in their portfolios and to establish and apply criteria for their assessment. In addition to the purchase of Green Bonds by the ECB, increased transparency can help to increase investments for climate protection.
What influence do central banks have to improve the management of these climate risks and support sustainable investments? A video of the discussion is available here.
A current "Commentary of the Others" by Daniela Kletzan-Slamanig, Angela Köppl, Irene Monasterolo, Asjad Naqvi in the daily newspaper "Der Standard" can be found here.