European Central Bank steps up climate work with focus on climate change adaptation
The European Central Bank (ECB) will deepen its analysis of the impact of extreme weather events on inflation and the financial system, and how this can be integrated into climate scenarios and macroeconomic projections. It will also assess the potential impact of adaptation to climate change, or lack thereof, on the economy and financial sector, including related investment needs and the insurance protection gap. Those topics are foreseen for 2024-2025 work programme.
Read more on the ECB website.
Date: 20 Feb 2024
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