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european union energy inflation

Europe's green transition to persistently boost inflation, ECB's Schnabel says

Europe’s effort to wean its economy off Russian gas is likely to be a persistent boost to inflation even beyond the current spike, European Central Bank board member Isabel Schnabel says.

banking finance climate impacts
Photo by Ibrahim Boran on Unsplash

Southern European banks set for climate hit, ECB study shows

Banks in southern Europe are set to be among the hardest hit if climate change is not mitigated as their clients are most exposed to natural hazards such as wildfires, a European Central Bank study shows.

climate impacts net zero

Only quick shift to 'net zero' emissions will boost GDP: Report

Cutting planet-warming emissions to "net zero" by 2050 could lift growth and employment but would require an inflation-boosting $160 per tonne carbon price by the end of the decade, an umbrella group of the world's top central banks say.

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