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An expanse of tropical forest, cleared in the foreground creating an angular treeline
News| September 30, 2022

QE-funded deforestation linked to financial instability

Two new studies have found that deforestation could create a loss in value as great as the 2008 financial crash, and that central banks have purchased debt from issuers linked to forest loss.
Close-up detail of a sculpture in the shape of a euro symbol, surrounding by five yellow stars
News| September 19, 2022

ECB begins decarbonisation of corporate portfolio

The ECB will soon introduce climate change considerations into its corporate bond purchases, favouring issuers according to past performance, future targets and quality of disclosures.
ECB president Christine Lagarde
News| September 12, 2022

Civil society issues criteria for greening ECB corporate portfolio

As the ECB moves to decarbonise its corporate bond portfolio, 12 leading research and advocacy groups have issued a list of four key criteria they say are crucial to the robustness and credibility of the exercise.
Weekly roundup
An aerial view of the tops of conifer trees
News| August 15, 2022

ECB paper quantifies effects of green QE

An ECB paper on green quantitative easing, the Bundesbank’s first climate-related disclosure, a warning that higher rates won’t solve fossil fuel inflation and more from this week in green central banking.
Isabel Schnabel
News| June 14, 2022

Market efficiency mandate requires climate action, say ECB figures

A group of leading ECB figures have argued that demonstrated market flaws surrounding emissions and climate change require corrective action to fulfil the central bank’s mandate of “favouring an efficient allocation of resources”.
A man, Pierre Wunsch, standing at a lectern
News| April 21, 2022

ECB’s Wunsch defends controversial market neutrality concept

ECB governing council member Pierre Wunsch has defended the controversial concept of market neutrality, despite evidence of substantial carbon bias in ECB corporate bond purchases.
Close-up of a saucepan on a cooker hob lit with a blue gas flame
News| March 24, 2022

Energy market seeks emergency liquidity for clearing banks

Faced with huge margin calls, energy companies and traders are lobbying central banks for “emergency liquidity funding” for banks clearing energy trades, says the European Federation of Energy Traders.
A petrol pump nozzle being held in the fuel cap of a dark green car
News| March 11, 2022

No ECB support for EU efforts to reduce fossil fuel dependence

Despite inflationary pressures associated with European dependence on Russian fossil fuels, the ECB has offered no support for EU efforts to reduce imports and switch to more stable and secure renewable energy sources.
News| March 8, 2022

Ukraine: ECB governing council to meet as crisis intensifies

As inflation pressures mount and the ECB governing council prepares to meet, a discriminating approach may be the only option to reduce fossil fuel price and financial instability.
A wind turbine standing in a field of rapeseed against a blue sky
News| March 8, 2022

Ukraine: ECB to take “whatever action is needed”

As the economic effects of Russia’s invasion of Ukraine reverberate across Europe, the European Central Bank has said that it is ready to take “whatever action is needed” to ensure price and financial stability.
Wind and solar at dusk
News| March 4, 2022

Weekly roundup: Gasflation, a ‘climate Minsky moment’ and the energy of freedom

Gasflation and ‘the energy of freedom’, a ‘climate Minsky moment’, how climate denial has left the Fed’s board as a ‘ghost ship’ and more from this week in green central banking.

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