This shows a low probability of success, he warned. "No central bank will be able to solve the climate problem". Moreover, for the central bank, this would entail a need to justify. "The more tasks the ECB wants to fulfill, the more vulnerable it becomes," he said.
According to Wieland, it is appropriate to take into account climate risks for the economic outlook. Futhermore, they are also relevant for financial stability and, thus, for the central bank. However, Wieland is critical of including climate protection as a secondary objective of the ECB. If this was the argument, then there would be many policy areas where the ECB could feel called to do something, Wieland said.
Frankfurter Allgemeine Sonntagszeitung: "Die Risiken grüner Geldpolitik"
Börsen-Zeitung: "Notenbankexperten lehnen Lagardes Klimaidee ab"