Frank Elderson

Member of the Executive Board and Vice-Chair of the Supervisory Board of the European Central Bank, co-Chair of the Task Force on Climate-related Financial Risks, and first Chair of the NGFS.

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Dec 3, 2024 • 30min

S7 Ep57: Can central banks green the financial system?

Frank Elderson, a key figure at the European Central Bank and a leader in climate-related financial risks, delves into how central banks can tackle climate change. He discusses the proactive measures required to integrate climate risks into financial systems and the limitations of monetary policy. Elderson emphasizes the urgent need for greater climate finance and the vital role of institutions like the NGFS in fostering sustainable financial practices. Insights from recent discussions at COP29 highlight massive investment needs to meet global climate goals.

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