Will the ECB make climate change a policy goal?
Weidmann declared strong opposition to “green QE” as climate groups call on Lagarde to shift policy
The European Central Bank is facing pressure to consider using monetary policy to affect climate change, but could spark a strong internal disagreement if it did so.
A number of individuals and groups published an open letter today (November 28) to ECB president Christine Lagarde, calling on her to use monetary policy to back environmentally-friendly financial tools. But any attempt to get the ECB to use monetary policy to fight climate change would almost certainly meet resistance from several
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