The European Central Bank should build climate risk into its lending rules and e...
FILE PHOTO: Governor of the Bank of France Francois Villeroy de Galhau speaks during a news conference at the G7 finance ministers and central bank governors meeting in Chantilly, near Paris, France, July 18, 2019. REUTERS/Pascal Rossignol
ECB President Christine Lagarde will begin a one-year review of the ECB’s policy framework this week. Finding a way to combat climate change has been one of her priorities since taking office on Nov. 1. Villeroy said the ECB should integrate climate change into its economic and forecasting models and it should overhaul its rules on accepting collateral to reflect climate-related risks.
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