ECB set to disappoint campaigners on climate change

Martin Arnold in Frankfurt
Sat, February 20, 2021, 

The European Central Bank is likely to adopt a less aggressive approach to tackling climate change than many campaigners want. It will rely mostly on improved financial modelling and disclosure rather than green asset purchases, according to several top policymakers. When the ECB governing council discussed climate change as part of its strategy review last week, there was broad consensus on the need for action.

BEHIND PAYWALL