Faster green transition would benefit firms, households and banks, ECB economy-wide climate stress test finds

06/09/2023 BCE Visiter le site source

Frontloading green investment significantly reduces medium-term costs and risks facing households and firms
Not expediting green transition drags down firms’ profitability and households’ purchasing power while pushing up credit risk for banks
Further delaying transition means missing Paris Agreement goals and exacerbating impact of costly physical risks