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Climate change risks hampering ECB’s monetary policy and euro zone’s economic health

Miles Parker, a senior economist at the ECB, highlighted that the long-term effects of unmitigated climate change could be more detrimental than the initial output reduction caused by transitioning to a net-zero carbon economy.

In addition to these concerns, an ECB survey has shown that companies within the euro area are worried about transition risks due to stricter environmental standards.

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Source: Economy - investing.com

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