The claim
“The European Central Bank (ECB) is committed to considering the implications of climate change and nature degradation in its monetary policy, the central bank said in its latest monetary policy strategy.”
Our verdict
Mostly True
The ECB’s 2021 strategy review and its climate change page explicitly commit to considering climate change risks in monetary policy.
What we found
However, the provided sources do not show an explicit commitment to consider 'nature degradation' alongside climate change, making that part of the claim unverified.
The evidence
1 of 3 sources contradict the claim; none support it.
- Background
The ECB states it has committed to an ambitious action plan to take climate change risks into account in its monetary policy.
ecb.europa.eu· ECB climate change commitment - Contradicts the claim
The ECB climate change page does not mention nature degradation or explicitly commit to considering it in monetary policy.
ecb.europa.eu· No explicit nature degradation mention - Background
The 2021 monetary policy strategy statement notes that the threat to environmental sustainability poses challenges for monetary policy, indicating a broader environmental focus.
ecb.europa.eu· ECB strategy statement on environmental sustainability
How we checked
We reviewed 3 relevant sources.
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