Climate protection is to play a bigger role in the European Central Bank’s (ECB) monetary policy. “The ECB is to account for climate change in its corporate bond purchases, collateral framework, disclosure requirements and risk management, in line with its climate action plan,” the ECB announced in Frankfurt on Monday. The ECB had already published an action plan a year ago. “With these decisions, we are putting into practice our commitment to fight climate change,” ECB President Christine Lagarde said.
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