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ECB to flex its financial muscle in climate change fight


ECB to flex its financial muscle in climate change fight
by
Reuters
Thursday, 8 July 2021 18:08 GMT
FILE PHOTO: European Central Bank (ECB) headquarters building is seen in Frankfurt, Germany, March 7, 2018. REUTERS/Ralph Orlowski/File Photo
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By Balazs Koranyi and Mark John
FRANKFURT, July 8 (Reuters) - The European Central Bank will take greater account of climate change in its core policy decisions, in the latest move by one of the world s biggest central banks to curb carbon emissions.
Europe s most powerful financial authority made its announcement before the launch next week of a package of measures by the European Union, which is striving to lead the world in greening the economy. ....

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European Central Bank sets new inflation target, eyes climate change in strategic overhaul
FILE PHOTO: The headquarter of the European Central Bank (ECB) is photographed in Frankfurt, Germany, January 22, 2021, REUTERS/Kai Pfaffenbach/File Photo
09 Jul 2021 08:53AM
(Updated:
09 Jul 2021 08:57AM)
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FRANKFURT: The European Central Bank (ECB) on Thursday (Jul 8) set a new inflation target and integrated climate change considerations into its monetary policy strategy, the first major overhaul of its goals and tools in almost two decades.
The bank will in future take into account companies environmental credentials when considering whether an asset can qualify as collateral or be purchased by the Frankfurt institution. ....

France General , Mauricio Vargas , Paul Diggle , Christine Lagarde , Holger Schmieding , European Central Bank , Aberdeen Standard Investments , Governing Council , ம Ur ரிசியோ வர்காஸ் , கிறிஸ்டின் லகார்ட் , ஹோல்கர் ஸ்ச்சிமீேதிங் , ஐரோப்பிய மைய வங்கி , குட்டைநாய் வகை தரநிலை முதலீடுகள் , ஆளும் சபை ,