ECB’s Lagarde Says Hot Summer Should Be a Warning for Europe
9 Articles
9 Articles
The President of the European Central Bank warns about the under-assessment of the economic risks associated with global warming, and in particular recommends investments in adaptation of climate change and climate change.
ECB’s Lagarde Says Hot Summer Should be a Warning for Europe
European Central Bank President Christine Lagarde called this year’s hot summer a warning that the continent must boost defenses against the financial fallout of global warming and make its energy system more flexible.
Noticias de Navarra
The lack of rain this summer has worsened the prospects for agricultural supply in Europe and could accelerate the rise in food prices next year, according to the president of the European Central Bank (ECB), Christine Lagarde. On the institution’s blog, Lagarde points out that the economic impact of droughts, heat waves and fires has been limited so far, but warns that the next crises could be more difficult to cope with.
"The heat wave of the past summer, drought and fires have been a warning" for the European economy, where the affected regions experience an economic activity less than 1.5% two years after a heat wave, and 3% more bas... (ANSA)
The ECB has called for speeding up the transition to clean energy and other protective measures such as increasing insurance coverage.
The waves of heat and drought are leaving a tangible mark on the European economy, warns the ECB. Read more ECB: the economic consequences of heat and drought in Europe on News.it.
Coverage Details
Bias Distribution
- 80% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
