Central Banks Intensify Climate Regulation Despite Collapse of Green Finance

Central Banks Intensify Climate Regulation Despite Collapse of Green Finance

Last weekend, as wildfires continued to scorch parts of southern Europe, Frank Elderson of the European Central Bank’s Executive Board took to the pages of the Guardian to warn that the “climate and nature crises” now pose a direct threat to “core financial stability” and even “core price stability”. The destruction of ecosystem services, he insisted, is…

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