https://en.irefeurope.org/publications/online-articles/article/ecb-a-promising-fighter-against-climate-change/?utm_source=rss&utm_medium=rss&utm_campaign=ecb-a-promising-fighter-against-climate-change Independent research and policy analysis on fiscal, monetary, and regulatory issues in Europe Fri, 21 Jan 2022 18:33:29 +0000 hourly 1 https://wordpress.org/?v=6.9.4 https://en.irefeurope.org/publications/online-articles/article/ecb-a-promising-fighter-against-climate-change/#comment-29207 Fri, 21 Jan 2022 18:33:29 +0000 https://en.irefeurope.org/?p=33997#comment-29207 Sir,
you can consider also “Greening Monetary Policy Measures: The Eurosystem’s obligations withregards to the transition towards a low carbon economy” (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3902039).
The proposal here is a Green TLTRO, that further involves commercial banks into funding green economy, and further biases interest rates by including a politically-driven risk premium.
The part on the legality of green targets is fun too. ECB is party to the Paris agreement. Is this political independence?

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