Bundesbank vice-president calls for shift to ‘carbon accounting’

Proper calculation of carbon costs will mean firms disclosing private data, Claudia Buch says

Claudia Buch
Deutsche Bundesbank vice-president Claudia Buch

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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