The role of central banks in the climate transition #3

Financing the EU Green Deal - Policy Breakfast #3
Speakers

22/09/2021
00:00 - 00:00
The role of central banks in the climate transition #3
56586
802-financing-the-eu-green-deal-policy-breakfast-series-3
0

In order to give you access to our events, FEPS processes your personal data together with any other organiser of this event mentioned in the description of the event and in accordance with 'FEPS’ data protection policy.

Wednesday, 22 September 2021, 08:45 – 09:30 CET

What role can central banks play in the transition towards a climate-neutral economy? Several discussions are ongoing, and FEPS debated this crucial issue with Irene Heemskerk, Head of the European Central Bank’s new Climate Change Centre, in Episode 3 of our “Financing the EU Green Deal” Policy Breakfast Series.


#3 The role of central banks in the climate transition
Wednesday, 22 September 2021, 08:45 – 09:30 CET

Economic actors are increasingly subject to physical risks related to extreme weather events that can damage infrastructure and lead to the discontinuation of economic activities. But they are also confronted with transition risks that include regulatory action, technological disruptions or changes in consumer behaviour.

Central banks and other supervisors play an essential role because climate change impacts price stability, financial stability and the safety and soundness of financial institutions.

Therefore, the European Central Bank (ECB) and national central banks should integrate these dimensions when ensuring financial stability, in market operations and in banking supervision activities, in cooperation with European Banking Authority, by making sure banks integrate climate risks in their risk management policies, procedures, practices, and pricing policies.

FEPS dove deeper into this very important issue with Irene Heemskerk, the freshly appointed Head of the European Central Bank’s new Climate Change Centre, that will shape and steer the ECB’s climate agenda and that reports directly to President Lagarde.

The presentation was followed by two short interventions from Jens van’t Klooster, postdoctoral fellow at the KU Leuven and Julia Symon, Senior Research and Advocacy Officer, from Finance Watch, who acted as discussants. Saïd El Khadraoui, FEPS Special Adviser on the Green Deal, moderated the session.

***

ℹ️  Sustainable Finance and the Issue of Greenwashing is the 3rd Episode of the Policy Breakfast Series “Financing the EU Green Deal”

Find all related publications
Publications
28/02/2024

Progressive ideas to make international trade successful for all

24/01/2024

Progressive Yearbook 2024

Looking back to look ahead
22/11/2023

The macro-economic impact of the cost crisis

Lessons for Europe
Find all related events
Events
Upcoming
02/05/2024
Bratislava, Slovakia

Social and environmental justice in the EU

Who will pay for it?
Past
20/03/2024
FEPS HQ (closed-door workshop)

Taxing billionaires for the EU to deliver on a wellbeing agenda

Workshop within the S&D Youth Event
20/03/2024
Berlin, Germany (Hybrid)

Day of Progressive Economic Policy 2024

Economic democracy to foster regional transformation
Find all related news
News
24/01/2024

Spanish Minister Teresa Ribera awarded FEPS ‘Progressive Person of the Year’

18/01/2024

FEPS President at Euronews talk-show ‘Brussels, my love?’

29/11/2023

Economic Democracy

FEPS launches an initiative on Economic Democracy
09/10/2023

Tax the rich

A European Citizens' Initiative
Find all related in the media
In the media

Ласло Андор: Европа трябва да създаде нов модел за икономически растеж

by dir.bg 14/03/2024
'Europe must create a new model for economic growth'. Interview by Laszlo Andor, FEPS Secretary General

Цената на прехода – зелен, дигитален и демографски

by BNT 13/03/2024
'The cost of transition - green, digital and demographic' BNT Interview with László Andor about the three major transformations the world is facing.

Teresa Ribera, premiada por su labor en política internacional

by El Plural 26/01/2024
Teresa Ribera has been recognized by FEPS with the 'Progressive Person of the Year' award during the launch of the 'Progressive Yearbook.' Article by El Plural

Teresa Ribera, premio ‘Progressive person of the year’ por su labor en política internacional

by Europa Press 26/01/2024
Teresa Ribera has been recognized by FEPS with the 'Progressive Person of the Year' award during the launch of the 'Progressive Yearbook.' Article by Europa Press