Central banks aren’t responsible for fighting climate change – governments are
Despite increasing support for banks fighting climate change, policymakers have no mandate to do so. Tackling climate change is the responsibility of elected governments.
Otmar Issing, former Chief Economist and Member of the Board of the European Central Bank, is President of the Center for Financial Studies at Goethe University, Frankfurt, and the author of The Birth of the Euro.
Despite increasing support for banks fighting climate change, policymakers have no mandate to do so. Tackling climate change is the responsibility of elected governments.
La incapacidad de los políticos electos para actuar adecuadamente convirtió a los bancos centrales en “la única alternativa”. Y esto ya no le hace un favor a su reputación, sino que se es...