Finance › Speeches › Christine Lagarde

Climate, nature and monetary policy

· Christine Lagarde, President of the European Central Bank (Euro area (EU))

Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates, inflation and price stability, climate, energy and nature

CL
· Christine Lagarde Wiki · European Central Bank WikiClimate, nature and monetary policy

ContextIntroductory remarks by Christine Lagarde at the Climate, Nature and Monetary Policy Conference organised by the ECB, Frankfurt School and CETEX.

Why it mattersExplains why the ECB studies climate and nature risks even as some doubt the green transition.

Problems raised
  1. Droughts and floods leave lasting damage to regional output.
  2. Extreme weather could weaken demand and inflation.
  3. Some doubt the green transition amid energy costs.
Solutions proposed
  1. Study climate and nature risks to monetary policy.
  2. Prepare for deep uncertainty through research.
  3. Leave governments leading on climate while central banks prepare.
Read full speech on ecb.europa.eu ↗

More from Christine Lagarde · European Central Bank · all speeches

More speeches by Christine Lagarde

Other leaders on monetary policy and interest rates