A monetary climate change is taking place right before our eyes. We identify three key aspects to this change: budgetary nonchalance, the merging of monetary and fiscal policy and the creation of new tasks for monetary policy.
Climate change and the associated striving for a “more sustainable economy” are omnipresent issues today. From energy production and mobility to the food industry and retail, to government bonds and investment funds, everything imaginable is given predicates such as “green”, “sustainable” or “climate-neutral”. ESG and SRI have become winged acronyms that no one seems able to elude.
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