A new report gives a clear pathway for the ECB to be playing a much bigger role in making the green transition affordable. It suggests alternative steps that would speed up and key actions that are needed to fight climate change on a larger scale. The report also warns that the EU’s new Omnibus legislative package – which weakens corporate sustainability reporting – could reduce the availability of high-quality green data. This would make it harder for the ECB to run the most ambitious version of a green refinancing programme.
The new US shift on monetary and climate policy has created a rare opening for Europe. With strong green finance rules and the European Central Bank integrating climate risks, the EU can position the euro as the world’s leading green currency. This Böll EU Brief outlines how ‘green internationalisation’ could boost Europe’s strategic power.
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
How to redesign the Eurozone in order to enhance its chances of survival? There are many alternatives that can and should be considered. A contribution on how to change the European Union's economic policy.
Is there still time to convince enough citizens, especially the young, to give their support to the European project, however bruised and battered it may look at the moment? What are the main challenges to be mastered if, at the end of the year, the European Union and its supporters will be able to look back with contentment, pride and relief and forward with confidence?
The current crisis in the eurozone has different levels: economic, social and political. The causes of the crisis have to be assessed for every level in a common European analysis taking into account that all three levels are interconnected.
There are crises and crises. Some come and go without leaving any lasting trace but others signal a break with the past. You do not need to be much of a prophet to predict that the current global economic shock will go down in the history books as the end of an era.
