Why green lending facilities can solve the ECB’s monetary tightening dilemma
Lukasz Krebel wrote for Green Central Banking
23 January 2023
Lukasz Krebel wrote an article with Paul Schreiber for Green Central Banking on the importance of green lending facilities.
“Even though it marked a shift in the way the central banks consider climate-related matters, the ECB’s “climate roadmap” fell short of aligning the its operations with climate goals. The roadmap failed to fully consider the impact of climate change on the bank’s primary mandate of price stability. As highlighted by a coalition of climate groups, it did not include measures that would cut support to big polluters, nor actively support the EU’s ecological transition.”
