Finance
Lagarde’s ECB Won’t Let Investors Delay Facing Climate Risk
- President says climate risks must be properly priced
- Principle of market neutrality under review and could change
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The European Central Bank has a warning for investors: deal with the financial risks from climate change soon or we’ll do it for you.
Under President Christine Lagarde, who started the job a year ago pledging to give the institution a bigger role in fighting global warming, the ECB is reevaluating how dispassionate it should be in the marketplace.