ECB to explore nature-related risk in environmental plan
Climate change and biodegradation are “two sides of the same coin”
The European Central Bank (ECB) is exploring the impact of climate change on nature for the first time, it announced in its 2024–25 climate and nature plan.
The central bank will be exploring the economic and financial implications of biodiversity loss and the degradation of nature in 2024–25.
Citing recent research, the ECB found that 72% of non-financial corporations in the eurozone are dependent on at least one ecosystem service, such as healthy soils, clean water and flood protection.
The
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