Central bankers debate next steps on climate change
Jens Weidmann argues for independent agency to relieve burden on central banks
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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