We are expanding our work on climate change

In the framework of ECB, we have decided to expand work on climate change by identifying three focus areas that will guide its activities in 2024 and 2025: (i) the impact and risks of the transition to a green economy, (ii) the increasing physical impact of climate change, (iii) the risks stemming from nature loss and degradation.

Increasing impact of climate crisis on economy and financial system drives need for more action. We reaffirm the commitment to ongoing climate actions and will review them regularly.

A comprehensive overview of the planned work programme for 2024 and 2025 is available here and more information can be found on the ECB's website.