Bundesbank chief Jens Weidmann on Thursday (28 November) batted back calls for the European Central Bank to take a bigger role in protecting the environment, saying it was up to goverments and not the ECB to fight climate change. “Monetary policy that explicitly pursues environmental goals runs the risk of being overburdened,” Weidmann said in Berlin. “Politicians with democratic legitimacy must decide how society should combat climate change and they must also bear the responsibility this.” New ECB president Christine Lagarde has promised to discuss sustainability considerations in the bank’s…
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