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Giuseppe Barillà

9 November 2026
ECONOMIC BULLETIN - ARTICLE
Economic Bulletin Issue 7, 2026
Details
Abstract
The ECB climate change centre (CCC) was established in 2021 to design and steer the ECB’s response to climate-related risks. During its first five years, the centre has evolved from a dedicated coordination hub into a facilitator of the integration of climate and nature-related risks into the ECB’s overall analytical and risk framework. It has thereby supported the institution’s progression from “recognition to integration” in addressing climate and nature-related risks. This article reviews the developments and achievements of the CCC and discusses how it continues to support the climate-related work of the ECB in response to a changing economic, policy and environmental landscape.
JEL Code
E58 : Macroeconomics and Monetary Economics→Monetary Policy, Central Banking, and the Supply of Money and Credit→Central Banks and Their Policies
Q54 : Agricultural and Natural Resource Economics, Environmental and Ecological Economics→Environmental Economics→Climate, Natural Disasters, Global Warming
Q57 : Agricultural and Natural Resource Economics, Environmental and Ecological Economics→Environmental Economics→Ecological Economics: Ecosystem Services, Biodiversity Conservation, Bioeconomics, Industrial Ecology