Archive

Essential to resist fossil fuel lobby to water down ETS, says ECB's Elderson

It is "essential" that the EU preserves the credibility of its Emissions Trading System (ETS) and resists a fossil fuel "lobby to water [it] down", a board member of the European Central Bank said.

Banks underestimating climate risks from disorderly transition, ECB warns

Eurozone banks are "very likely" underestimating the risks they are exposed to because of climate change, amid increased likelihood of a disorderly transition, a senior figure at the European Central Bank (ECB) warned.

Iran-linked energy crisis shows 'shielding' effect of renewables, ECB says

The energy crisis sparked by the US war with Iran shows how renewable energy can "shield European consumers from fossil fuel price shocks" and tame inflation, the chief economist of the European Central Bank (ECB) said.

Middle East crisis shows need to decarbonise, says ECB's Elderson

Sector-specific standards: (re)opening Pandora's box?

Investors are wary that overhauling sector-based sustainability reporting rules could increase complexity, Michael Hurley writes

ECB assessing impact of ecosystem loss on bank credit portfolio

The European Central Bank (ECB) is to assess how banks' credit portfolios could be impacted by ecosystem loss, says a board member.

PIRC to assess Crédit Ag response to ECB fine

Pensions and Investment Research Consultants (PIRC) says it will assess how Crédit Agricole responds to a fine from the European Central Bank (ECB) as it mulls a vote against members of the bank's sustainability committee and board.

Proxy advisor to 'review election' of Crédit Ag governing body after ECB fine

Pensions and Investment Research Consultants (PIRC) will review the election of any member of Crédit Agricole's sustainability committee, its board chair or its CEO, after the bank's climate-related fine by the European Central Bank (ECB), it said.

EU urged to resolve 'regulatory uncertainty' stifling green investments

Is nature a blind spot for central banks?

Momentum on addressing nature is growing amongst supervisors, but the topic lags far behind climate. Genevieve Redgrave reports