ECB official warns climate crisis threatens financial stability

Frank Elderson, an ECB executive board member, said the central bank is increasing monitoring of financial risks from ecosystem collapse as wildfires and environmental degradation threaten the global economy.

First covered Jul 31, 2026 · 9:00 PM PT · 1 article

ECB official warns climate crisis threatens financial stability — Image via theguardian.com

Coverage

6h Guardian Environment ECB official warns climate crisis poses growing threat to ‘core financial stability’ — Exclusive: As wildfires rage, Frank Elderson says more work needed to assess risk from collapse of ecosystem services A senior policymaker at the European…

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Appeared in: 2026-08-01 (#9)

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