Volker Wieland is skeptical about the ECB's role in climate protection ("Handelsblatt")
A price for emissions arises from the emission budget. "The most important role of the ECB would be to advocate this need and to make clear that monetary policy cannot make an important contribution [to the fight against climate change]." The ECB has only one policy tool: the short-term central bank interest rate or the central bank balance sheet, Wieland continued.
Handelsblatt Debate on the Role of the ECB: "Geldpolitik bringt fürs Klimaziel nichts" - "Doch, die Anreize wirken" (€)