This study shows that climate change requires central bank intervention and that – in anticipation of climate risks – the ECB can and should double down on its pledges to green central bank activities. Against this background, the report identifies numerous concrete policy options, from enhancing green tilting approaches in asset purchasing programmes to offering favourable refinancing terms to banks engaged in green lending.
This publication aims at contributing to the emergence of a transformative economic thinking, integrating environmental, social, and economic dimensions, after the wreckage of neoliberal economic thought that clearly has reached its date of expiry. It is the product of a collaboration of the Heinrich-Böll-Stiftung, the ZOE Institute for Future-Fit Economies, and Finanzwende Recherche.
The Come-Back of Portugal; Greece’s Attempt to Stand on its own Feet again; Macron’s Reform Proposals and Germany’s Lukewarm ResponseThe Come-Back of Portugal; Greece’s Attempt to Stand on its own Feet again; Macron’s Reform Proposals and Germany’s Lukewarm Response
