Remarks at the Summit for a new global financing pact
· Christine Lagarde, President of the European Central Bank (Euro area (EU))
Summary written by Dark Majestic in its own words · topics: inflation and price stability, banking regulation and supervision, climate, energy and nature
CL · Christine Lagarde Wiki · European Central Bank WikiRemarks at the Summit for a new global financing pactContextSpeech by Christine Lagarde at the Summit for a New Global Financing Pact in Paris.
Why it mattersLagarde explains how climate change affects inflation and bank soundness.
Problems raised- Climate change is causing damage on every continent.
- Climate change affects inflation and central bank balance sheets.
- Climate risks threaten banks' soundness.
Solutions proposed- Take every possible step to meet the Paris climate goal.
- Integrate climate change into ECB policy and supervision.
- Mobilise finance for the green transition globally.
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