Central bankers debate next steps on climate change

Jens Weidmann argues for independent agency to relieve burden on central banks

Jens Weidmann
Jens Weidmann says central banks must not be overburdened
Bankenverband/Jochen Zick

Although a broad consensus has developed on the need for some sort of climate action from central banks, senior officials are still debating what the next steps should be.

At a climate conference this week, central bankers expressed a range of views on the best approach. Bundesbank president Jens Weidmann and former European Central Bank chief economist, Otmar Issing, both warned that central banks should not over-reach.

Both stressed that climate change was one of the biggest challenges of

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