ECB estimates trillions of euros at risk from climate change

Central bank publishes sustainable finance, carbon emissions and physical risk indicators

Climate change

The European Central Bank and eurozone national central banks today (January 24) published a preliminary set of indicators to analyse how climate change affects the financial sector. 

Exposures due to physical risk amount to as much as €6 trillion ($6.5 trillion) for water stress, the ECB estimated, while wildfires could cost the eurozone a further €5 trillion.

The ECB made the commitment to publish indicators as part of its action plan to include climate change in its monetary policy strategy

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.