The European Central Bank (ECB) is the central bank for the euro and administers monetary policy within the Eurozone, which is a group of European Union countries that have adopted the euro as their official currency. The ECB plays a crucial role in maintaining price stability and overseeing the financial system within the Eurozone.
ECB has a organization-wide climate agenda details the priorities and activities that will help it put these objectives into practice. It incorporates all of ECB’s ongoing climate change-related work, clustered around six strategic priority areas aimed at meeting our core objectives. The agenda will be updated regularly as actions are completed, allowing the organization to reflect on new developments in different areas.
These strategic priority areas include:
- Assessing the macroeconomic impact of climate change and mitigation policies on inflation and the real economy
- Improving the availability and quality of climate data to better identify and manage climate-related risks and opportunities
- Enhancing climate change-related financial risk assessment
- Considering options for monetary policy operations and assess the impact of climate change on monetary policy
- Analyzing and contribute to policy discussions to scale up green finance
- Increasing transparency and promote best practices to reduce the environmental impact
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Jurcom follows closely the outcomes of Climate Change ECB actions and consults clients with required steps. Contact us today for more information.
