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ARTICLE · 10 FEBRUARY 2021

European Central Bank Establishes Climate Change Centre

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On January 25, 2021, the European Central Bank (ECB) announced that it has set up a Climate Change Centre to bring together the work on climate issues in different parts of the bank.

European UnionEnvironment
J. Paul Forrester
J. Paul Forrester
Andrew Olmem
Andrew Olmem
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On January 25, 2021, the European Central Bank (ECB) announced that it has set up a Climate Change Centre to bring together the work on climate issues in different parts of the bank.

The Climate Change Centre will shape and steer the ECB's climate agenda internally and externally, building on the expertise of all teams already working on climate-related topics. Its activities will be organized in workstreams, ranging from monetary policy to prudential functions, and supported by staff that have data and climate change expertise.

The Climate Change Centre, with an expected staff of 10 people, will start its work in early 2021 and report to the ECB President, Christine Lagarde.

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