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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