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Doing what's possible – how the central bank and credit institutions can support the necessary transition towards a carbon-neutral economy

· Joachim Nagel, President of the Deutsche Bundesbank (Germany)

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

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· Joachim Nagel Wiki · Deutsche Bundesbank WikiDoing what's possible – how the central bank and credit institutions can support the necessary transition towards a carbon-neutral economy

ContextSpeech marking the retirement of a savings bank association executive; the Bundesbank is Germany's central bank and supports banks in the carbon-neutral transition.

Why it mattersNagel explains how banks can support the carbon-neutral transition.

Problems raised
  1. High inflation must end.
  2. Expectations may rise.
  3. The carbon transition needs support.
Solutions proposed
  1. End high inflation.
  2. Support green transition within the mandate.
  3. Work with credit institutions.
Read full speech on bis.org ↗

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