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Societies must act forcefully and with the tide on climate and environmental action, with central bankers and financial supervisors needing to resist conventional policy thinking on the journey, Frank Elderson, European Central Bank executive board member and chair of the supervisors' Network for Greening the Financial System, said Thursday.
In a speech delivered Thursday, Elderson said however that commitment alone is not enough to address the climate and environmental "emergency that we face, we must show resolve," he said.
Climate change and the green agenda are becoming greater topics of interest for central bankers and will play a key part in the ECB's upcoming strategy review, as noted in MNI's latest ECB sources story.