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European Central Bank

Climate love

ECB hints at greener monetary policy in new climate plan.

The European Central Bank on Tuesday hinted it could make its monetary policy greener as part of a new push to take climate change into account in its work. Some activists have been calling for years for the ECB to attach climate targets, opens new tab to its long-term loans to banks and stop buying the bonds, opens new tab of polluting companies.
https://www.reuters.com/sustainability/sustainable-finance-reporting/ecb-hints-greener-monetary-policy-new-climate-plan-2024-01-30/

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  • Esther Wanjiku

    10 w

    ECB should really expedite this and make it happen

    3
    • Kevin

      10 w

      This greener transition will be huge

      2
      • George Kariuki

        10 w

        I'm hopeful that continued pressure and constructive engagement can lead to meaningful action from the ECB and other major financial actors.

        3
        • winnie nguru

          10 w

          @george_kariuki i too hope this will awaken them for action

          1
        • Abraham Jok Atem

          10 w

          This is an eco-friendly move

          2
          • Rukia Ahmed Abdi

            10 w

            The European Central Bank's hint at adopting a greener monetary policy marks a significant step towards integrating climate considerations into its operations. This move responds to longstanding calls from activists urging the ECB to incorporate climate targets into its long-term loans to banks and cease purchasing bonds from polluting companies. By aligning its monetary policy with sustainability goals, the ECB demonstrates a commitment to addressing climate change through its financial activities. This initiative reflects the growing recognition of the financial sector's role in advancing the fight against climate change and promoting environmentally responsible practices.

            1
            • Princess

              10 w

              A commendable move towards a more sustainable financial landscape.

              3
              • Joseph Githinji

                10 w

                So encouraging commitment from the European Central Bank that will go a long way in creating a greener environment. Happy when financial institutions take charge to do the right thing in impacting climate action activities.

                11
                • walter lungayi

                  10 w

                  This is a positive step towards addressing climate change, as central banks play a crucial role in shaping economic policies. It's encouraging to see the ECB considering greener monetary policies in their new climate plan.

                  10
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