European Central Bank announces climate and nature plan 2024-2025
![European Central Bank announces climate and nature plan 2024-2025](https://sustainabilityeconomicsnews.com/wp-content/uploads/2024/01/euro-sign-frankfurt-am-main-germany.jpg)
The European Central Bank (ECB) has introduced a new “climate and nature plan 2024-2025” to address the increasing impact of the climate crisis on the economy and financial system.
The plan focuses on key areas such as understanding the impact and risks of the green transition, addressing the physical risk of climate change, and mitigating risks related to nature loss and degradation.
ECB President Christine Lagarde emphasizes the need to comprehend and adapt to the changes imposed by climate change to fulfill the central bank’s mandate effectively.
The plan includes measures to navigate the transition to a low-carbon economy, assess the effects of transition funding on monetary policy, and integrate climate change impacts into economic projections, among other actions.
Additionally, the ECB plans to enhance its own operations, including updating its Environmental Management Programme and considering environmental factors in the design of a digital euro.
![](https://sustainabilityeconomicsnews.com/wp-content/uploads/2024/07/Screenshot-2024-07-05-at-4.33.30 PM-150x150.png)
CalPERS allocates nearly $10 billion to climate action...
-
The California Public Employees’ Retir...
- 05/07/2024
![](https://sustainabilityeconomicsnews.com/wp-content/uploads/2024/07/Asset-Management-150x150.png)
Eco-gamers launch online video game to target asset...
-
A team of eco-gamers known as Serious Pe...
- 01/07/2024
![](https://sustainabilityeconomicsnews.com/wp-content/uploads/2024/06/Depositphotos_73537517_S-150x150.jpg)
EU regulators push for revisions in landmark ESG...
-
Regulators overseeing the markets, banki...
- 19/06/2024
Related News
ERM, a sustainability consultancy company, announced that it has commenced offshore trials to test the key elements of its Dolphyn Hydrogen process. The trials mark […]
European Energy announced that it had acquired grid connection approvals for nearly 500 megawatts (MW) of solar and wind energy projects across Romania. The approvals […]
In its second-quarter update, Shell announced that it would incur an impairment charge of up to $2 billion following the sale of its Singapore refinery […]
The California Public Employees’ Retirement System (CalPERS) announced a commitment of almost $10 billion to advancing global efforts to transition to a low-carbon economy. This […]
The European Commission announced that it has approved a €10.82 billion French scheme to support offshore wind energy deployment. It aims to help foster a transition […]
ENGIE announced that it signed a 7-year Biotmethane Purchase Agreement (BPA) with BASF. According to the agreement, ENGIE will supply the chemicals company with 2.7 […]