ECB’s Frank Elderson discusses the work of the NGFS

Article summary

The European Central Bank (ECB) has published a speech delivered by Frank Elderson, chair of the Network of Central Banks and Supervisors for Greening the Financial System (NGFS), and a member of the ECB’s executive board, at a COP26 event on ‘Action on Forest and Land Use’. Elderson said reaching net zero and saving nature requires the right combination of urgent, concrete and decisive government policies and a financial system aligning itself with these policies in terms of both grasping the related opportunities and managing the related risks.