ECB’s broken promise on bond decarbonisation creates climate gap
The ECB’s failure to remove bonds issued by carbon-intensive companies from its portfolio goes against its climate plans, says finance campaigner Kuba Gogolewski from Greenpeace.

The ECB’s failure to remove bonds issued by carbon-intensive companies from its portfolio goes against its climate plans, says finance campaigner Kuba Gogolewski from Greenpeace.
Voluntary initiatives for net-zero aligned finance have failed, so the EU must introduce regulations to prepare its industries for the transition economy, say Vincent Vandeloise and Pablo Grandjean of Finance Watch.
Special drawing rights could stimulate green energy in low-income countries while avoiding additional debt burdens but a new mechanism is needed to deploy them effectively, says Matthias Kroll of the World Future Council.
The greatest net-zero transition risks are borne by lower-income countries so they need to be economically resilient to weather the storm, says Saliem Fakir of the African Climate Foundation.
Not all eurozone central banks are as active as the European Central Bank on climate-related policies, and some are even blocking progress, says Clarisse Murphy of Reclaim Finance.
Rank | Country | Aggregate Score (out of 130) | Grade (A+ to F) | Research and Advocacy (out of 10) | Monetary Policy (out of 50) | Financial Policy (out of 50) | Leading by Example (out of 20) |
---|---|---|---|---|---|---|---|
20 |
|
0 | F | 0 | 0 | 0 | 0 |
19 |
|
6 | F | 6 | 0 | 0 | 0 |
Prudential transition plans could offer a technical solution to address some of the challenges of integrating transition risks into the prudential framework, say climate finance experts.