la BNB doit avoir un.e gouverneur.e soucieux·se de la crise climatique
Summary
A coalition of NGOs and activists is calling for the appointment of a climate-conscious Governor of the National Bank of Belgium (BNB) to replace Pierre Wunsch. The signatories argue that Wunsch has blocked ambitious climate measures within the European Central Bank (ECB), specifically opposing the introduction of climate criteria for asset purchases and failing to support lower interest rates for energy-efficient building renovations. They contend that the argument of ECB 'neutrality' is invalid given the bank's past interventions in financial crises and its own admission that 'neutral' asset purchases can exacerbate pollution and global warming.
Key insights
- Civil society organizations are calling for the appointment of a BNB governor who recognizes the essential role of central banks in fighting climate change, as the current governor's term ends in January 2024.
- Governor Pierre Wunsch is accused of blocking the greening of ECB activities, specifically by opposing the use of climate criteria for asset purchases that primarily benefited polluting oil, gas, and coal companies.
- The BNB and ECB have failed to facilitate lower interest rates for targeted energy renovation credits, which activists argue is necessary to protect the Belgian population from extreme weather and energy price hikes.
- The document rejects the argument of ECB 'neutrality' used by Pierre Wunsch, noting that the ECB has intervened in the subprime and COVID-19 crises and has admitted that 'neutral' asset purchases can worsen market failures, pollution, and warming.
Cite the original document
- APA
- Chevalier, C., Lievens, L., Blume, P., Panichelli, F., de Rykel, C., Gelin, R., & Minon, V. (2023). la BNB doit avoir un.e gouverneur.e soucieux·se de la crise climatique. Reclaim Finance. https://reclaimfinance.org/site/2023/11/13/la-bnb-doit-avoir-un-e-gouverneur-e-soucieux-se-de-la-crise-climatique/
- Chicago
- Chevalier, Cédric, Laurent Lievens, Paul Blume, Francis Panichelli, Cécile de Rykel, Romain Gelin, and Vincent Minon. la BNB doit avoir un.e gouverneur.e soucieux·se de la crise climatique. Reclaim Finance, 2023. https://reclaimfinance.org/site/2023/11/13/la-bnb-doit-avoir-un-e-gouverneur-e-soucieux-se-de-la-crise-climatique/.
- Wikipedia
- {{cite press release |last1=Chevalier |first1=Cédric |last2=Lievens |first2=Laurent |last3=Blume |first3=Paul |last4=Panichelli |first4=Francis |last5=de Rykel |first5=Cécile |last6=Gelin |first6=Romain |last7=Minon |first7=Vincent |title=la BNB doit avoir un.e gouverneur.e soucieux·se de la crise climatique |publisher=Reclaim Finance |date=13 November 2023 |url=https://reclaimfinance.org/site/2023/11/13/la-bnb-doit-avoir-un-e-gouverneur-e-soucieux-se-de-la-crise-climatique/ |access-date=23 October 2026 |via=Climate Insights Directory}}
- BibTeX
- @misc{chevalier2023bnb, author = {Chevalier, Cédric and Lievens, Laurent and Blume, Paul and Panichelli, Francis and de Rykel, Cécile and Gelin, Romain and Minon, Vincent}, title = {{la BNB doit avoir un.e gouverneur.e soucieux·se de la crise climatique}}, publisher = {Reclaim Finance}, year = {2023}, month = nov, url = {https://reclaimfinance.org/site/2023/11/13/la-bnb-doit-avoir-un-e-gouverneur-e-soucieux-se-de-la-crise-climatique/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }
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