Christine Lagarde, president of the European Central Bank, wants to use the €2.8tn asset purchase scheme in the fight against climate change. This marks the first time that the ECB president has committed to “greening” the central bank’s operations, including asset purchases. “I want to explore every avenue available in order to combat climate change,” Lagarde told the Financial Times. “This is something that I hold very strongly.” The move makes the ECB the first main central bank to examine using a flagship bond-buying programme to pursue green objectives.
Read more by Roula Khalaf and Martin Arnold at the Financial Times: “Lagarde puts green policy top of agenda in ECB bond buying.”