ECB official warns climate crisis poses growing threat to ‘core financial stability’ - short news
Exclusive: As wildfires rage, Frank Elderson says more work needed to assess risk from collapse of ecosystem services
A senior policymaker at the European Central Bank has said the climate emergency and the breakdown of nature poses a dramatically growing risk to the global economy.
Frank Elderson, a member of the ECB’s executive board, said the eurozone lender of last resort was stepping up its monitoring of the financial risks linked to the destruction of “ecosystem..
source: The Guardian - 01.08.2026