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Climate change bigger economic risk than Covid-19 pandemic, European Central Bank’s Schnabel says

by CBDC Insider Staff
September 2, 2020
in Business, Europe
Reading Time: 1min read
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Climate change bigger economic risk than Covid-19 pandemic, European Central Bank’s Schnabel says
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FRANKFURT (REUTERS) – The coronavirus pandemic demonstrates in the clearest terms why central banks must take a bigger role in fighting climate change even if the issue at first appears unrelated to monetary policy, European Central Bank board member Isabel Schnabel said.
Initially just a health crisis, the pandemic has set off economic shockwaves around the globe, affecting every nation and forcing central banks to provide unprecedented support to underpin economic activity.

Continue read: https://www.straitstimes.com/world/europe/climate-change-bigger-economic-risk-than-pandemic-european-central-banks-schnabel-says

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