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

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.