Bundesbank vice-president calls for shift to ‘carbon accounting’
The public and private sectors need to work together to implement a system of “carbon accounting”, according to Deutsche Bundesbank vice-president Claudia Buch.
“Current decisions by firms, consumers and investors do not sufficiently take adverse effects on the climate into account,” Buch said in a speech in Basel on August 25. Central banks must make structural changes to their statistical methods so that these participants could make better choices, she said.
Economists must decide what
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