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ECB says climate stress test shows benefits for firms of adopting green policies early

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Published on: 22 September 2021
Published by LNB News

LNB News 22/09/2021

Document Information

Issue Date: 22 September 2021

Published Date: 22 September 2021

Jurisdiction(s): United Kingdom

Article summary

The European Central Bank (ECB) has published the results of its economy-wide climate stress test, which looked at the impact of climate change on more than four million firms worldwide and 1,600 euro area banks under three different climate policy scenarios. The ECB says the results show that firms and banks ‘clearly benefit from adopting green policies early on to foster the transition to a zero-carbon economy’.

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Jurisdiction(s):
United Kingdom

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