Europe’s effort to wean its economy off Russian gas is likely to be a persistent boost to inflation even beyond the current spike, European Central Bank board member Isabel Schnabel says.
Banks in southern Europe are set to be among the hardest hit if climate change is not mitigated as their clients are most exposed to natural hazards such as wildfires, a European Central Bank study shows.
Cutting planet-warming emissions to "net zero" by 2050 could lift growth and employment but would require an inflation-boosting $160 per tonne carbon price by the end of the decade, an umbrella group of the world's top central banks say.
Economy Minister Daniele Franco said on Tuesday that Italy would continue to issue bonds to raise income for policies to fight climate change and to raise awareness about the importance of the issue.
Crime, violence, poverty, ill health and air pollution have all declined in the European Union over the last five years - but gender inequality has worsened and efforts to fight climate change have achieved little.
Thousands of people holding hands formed a human chain in central Brussels on Sunday to draw public attention to the need for urgent, joint action against climate change.
Thousands of protesters marched in front of Frankfurt's IAA car show on Saturday to demand a swift end to combustion engines and a shift to environmentally friendly vehicles as Chancellor Angela Merkel's government prepares to unveil climate protection measures.
