What can the ECB do for the climate?

Imagine a world where financial institutions are also part of the solution to climate change and not part of the problem. Sounds like science fiction? It’s not! The European Central Bank has the potential to bolster EU climate objectives in many ways. One of them is by offering a favourable interest rate to stimulate green initiatives, such as renewable energy and energy efficiency projects. It's already happened – other banks have done it before. This can help cut greenhouse gas emissions because it makes green projects more competitive than fossil fuel ones. It helps reduce our reliance on unpredictable fossil fuel prices. And it's an achievable goal, we just need the political determination to make it happen! Dive into our most recent video explainer to discover more about this policy tool and the advantages it brings.