Banques centrales et monnaie climat

The document argues that central banks, particularly the European Central Bank (ECB), are failing to address the climate emergency despite their power to influence the financing of polluting versus green activities. It claims the ECB actively supports polluters through collateral frameworks and Quantitative Easing, which benefit fossil fuel and coal companies. While noting a growing awareness within the NGFS and the Banque de France, the text demands an immediate end to the financing of climate-destructive assets to ensure financial stability and meet European climate goals.

• The European Central Bank (ECB) is accused of inaction and opacity regarding the climate crisis, failing to integrate climate goals into its missions and opposing the publication of data needed to assess its climate impact.
• The ECB supports polluting companies through two primary mechanisms: allowing banks to obtain liquidity by depositing polluting assets as collateral, and purchasing corporate assets via Quantitative Easing without environmental filters.
• The ECB's response to the Covid-19 crisis missed a unique opportunity to align monetary interventions with warming targets, instead maintaining existing frameworks that continued to support polluting firms.
• There is an emerging shift among central bankers to move away from 'market neutrality' to integrate climate issues, though uncertainty remains regarding the timing and effectiveness of these changes.

APA

Reclaim Finance (2020). Banques centrales et monnaie climat. https://reclaimfinance.org/site/nos-combats/banques-centrales-monnaie-climat/

Chicago

Reclaim Finance. Banques centrales et monnaie climat. 2020. https://reclaimfinance.org/site/nos-combats/banques-centrales-monnaie-climat/.

Wikipedia

{{cite press release |author=Reclaim Finance |title=Banques centrales et monnaie climat |date=23 March 2020 |url=https://reclaimfinance.org/site/nos-combats/banques-centrales-monnaie-climat/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{reclaimfinance2020banques, author = {{Reclaim Finance}}, title = {{Banques centrales et monnaie climat}}, publisher = {Reclaim Finance}, year = {2020}, month = mar, url = {https://reclaimfinance.org/site/nos-combats/banques-centrales-monnaie-climat/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }