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The ECB urged to "green" its action

2020-10-29T15:42:05.492Z


Central bank should stop buying polluting sector bonds, says GreenpeaceChristine Lagarde never ceases to remind everyone of their role in fighting climate change. She recently pointed out " market failures in the field of green finance" . However, the institution she chairs, the European Central Bank, is not exempt from criticism for its policy in this area. Through its financial strike force, it is even one of the largest investors in the world in carbon assets. Re


Christine Lagarde never ceases to remind everyone of their role in fighting climate change.

She recently pointed out "

market failures in the field of green finance"

.

However, the institution she chairs, the European Central Bank, is not exempt from criticism for its policy in this area.

Through its financial strike force, it is even one of the largest investors in the world in carbon assets.

Read also:

Can green finance save the planet?

"The ECB has a crucial role to play and can exert considerable influence on the investment of banks in green or polluting assets," said

Jennifer Morgan, managing director of Greenpeace International, who conducted a study on the issue with the think -tank New Economics Foundation, in partnership with several British universities.

“The action of central banks is lagging far behind their rhetoric.

They must set an example and align their monetary policy with the objectives of the Paris climate agreement ”,

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Source: lefigaro

All news articles on 2020-10-29

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