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
