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Central banks in a changing world: the role of the ECB in the face of climate and environmental risks

· 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, climate, energy and nature, growth, investment and productivity

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· Christine Lagarde Wiki · European Central Bank WikiCentral banks in a changing world: the role of the ECB in the face of climate and environmental risks

ContextSpeech by Christine Lagarde at the Maurice Allais Foundation.

Why it mattersLagarde explains how price stability supports green investment and how climate risk enters ECB work.

Problems raised
  1. Climate and environmental risks affect the economy.
  2. The green transition needs big investment.
  3. Uncertain costs deter green projects.
Solutions proposed
  1. Keep inflation stable to support investment.
  2. Integrate climate risks into ECB work.
  3. Give firms visibility on costs.
Read full speech on ecb.europa.eu ↗

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