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
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.
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.