ECB's Lagarde: climate change has clear impact on inflation
Tweet
Share
E-mail
FILE PHOTO: People walk in almost dried up Lake Zicksee near Sankt Andrae, as another heatwave is predicted for parts of the country, in Austria, August 12, 2022. REUTERS/Leonhard Foeger
BERLIN (Reuters) - The European Central Bank needs to take climate change into account when making decisions as it has a clear impact, especially on inflation, the chief of the European Central Bank said in an interview published on Thursday.
"If more and more climate disasters, droughts and famines occur throughout the world, there will be repercussions on prices, on insurance premiums and on the financial sector," said Christine Lagarde in an interview with Madame Figaro. "We need to take that into account."
She also said that she could imagine that different environmental, social and governance standards will be harmonised and tightened rather quickly.
(Reporting by Kirsti Knolle, editing by Rachel More)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Search for Colombia earthquake survivors stretches into third day
- Fed seen sticking to policy-rate hold, for now, as inflation eases again
- Spain rejects discussing sovereignty of enclaves with Morocco
Create E-mail Alert Related Categories
ReutersRelated Entities
European Central BankSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
