Policy entrepreneur
In a new Policy Paper co-written with colleagues at Sustainable Finance Lab, we presents a proposal to advance Europe’s green transition: the introduction of a green interest rate by the European Central Bank (ECB). The proposal outlines how targeted monetary policy can play a crucial role in combating climate change, promoting sustainable investment, and supporting the ECB’s mandate of low
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In an open letter to the European Central Bank, Positive Money Europe and experts in banking and monetary policy urge the ECB to introduce a preferential interest rate to encourage banks to increase green lending in the face of inflation.
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New Positive Money Europe policy paper written together with Uuriintuya Batsaikhan proposes to repurpose the European Central Bank’s TLTRO programme into a dedicated financial instrument to scale up bank lending for energy-efficient home renovations.
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Although debt cancellation by central banks is technically feasible, it is nearly legally and politically impossible to achieve, and its economic benefits would be rather minimal. There are better proposals in a progressive Eurozone reform agenda.
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In this report for Positive Money Europe, I outline how to move helicopter money from theory to practice in the context of the Pandemic crisis.
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If the ECB President Christine Lagarde sincerely wants to “turn each and every stone”, then it must open the debate on “helicopter money.”
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A recurring misinterpretation of “Green QE” is that central banks should restrict their asset purchases solely to green bonds. This op-ed was originally published on FT Alphaville on December 18, 2019, in the context of my former role as Executive Director at Positive Money Europe. The recent declarations of new European Central Bank president Christine Lagarde on the possible role
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I was delighted to be invited by Social Europe to take part in a debate on the “just transition” and how it could be brought about. Social Europe Editor-in-Chief Henning Meyer is joined by Montserrat Mir of the Just Transition Centre of the ITUC, Stanislas Jourdan from Positive Money and Spanish MEP Javi Lopez. You can watch the debate below:
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Positive Money Europe coordinated a group of 165 academics and civil society organisations to deliver an open letter to Christine Lagarde, calling on the ECB President to accelerate its efforts in addressing climate change.
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A coalition of 6 civil society organisations including Positive Money Europe publishes today a briefing report outlining how the European Commission can finance a one trillion euros “Green Deal” it committed to deliever.
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