ECB's Outgoing Chief Lagarde Calls for Climate Resilience Ahead of COP31
8 Articles
8 Articles
Next week's UN climate conference in Antalya offers a vital opportunity to confront the rising financial costs of extreme weather, Lagarde says
"Extreme heat will return more often and more forcefully, and its costs will weigh most heavily on those who are least able to bear them," warns the President of the European Central Bank.
The president of the monetary institution, who will leave office on 7 February, nine months before the end of her term of office, returns to a canicule summer and a historic drought in Europe. This season has been marked by record heat, more than 30,000 excess deaths, fires having ravaged some 400,000 hectares in France and Spain, as well as a drought that disrupted navigation on the Rhine and the Danube, she recalls. While these events have so …
The consequences of climate change and its impact on financial and price stability are very important to Lagarde. Before the start of the World Climate Change Conference, she makes an appeal to politics.
European Central Bank (ECB) President Christine Lagarde stated that the United Nations Climate Change Conference (COP31), to be held in Antalya, Türkiye, offers a critical opportunity to translate global goals into action.
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