ECB Coeure: Central banks are lagging behind curve on climate change

Author: Adam Button | Category: Central Banks

Central banking comments from Coeure

There were no comments on the outlook for rates or the present state of the economy from the ECB's Coeure.
  • Central banks are lagging behind the curve and have only just started incorporating the effects of climate change into their models
  • Central banks cannot be at the forefront in fighting climate change
  • Central banks can help on climate change within mandate
I'd like to hear him explore this topic more because I can't really think of how central banks are equipped to be a factor here.

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