Key Takeaway
Exclusive: As wildfires rage, Frank Elderson says more work needed to assess risk from collapse of ecosystem servicesA senior policymaker at the European Central Bank has said the climate emergency and the breakdown of nature poses a dramatically growing risk to the global economy. Frank Elderson, a member of the ECB’s executive board, said the eurozone lender of last resort…
Published August 1, 2026 · Category: News
Overview
Exclusive: As wildfires rage, Frank Elderson says more work needed to assess risk from collapse of ecosystem services
A senior policymaker at the European Central Bank has said the climate emergency and the breakdown of nature poses a dramatically growing risk to the global economy.
Details
Frank Elderson, a member of the ECB’s executive board, said the eurozone lender of last resort was stepping up its monitoring of the financial risks linked to the destruction of “ecosystem services”, which are nature-related processes or assets that support human activity.
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Source
Originally published at www.theguardian.com.
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What is "ECB official warns climate crisis poses growing threat to ‘core financial stability’" about?+
Exclusive: As wildfires rage, Frank Elderson says more work needed to assess risk from collapse of ecosystem servicesA senior policymaker at the European Central Bank has said the climate emergency and the breakdown of nature poses a dramatically growing risk to the global economy.Frank Elderson, a member of the ECB’s executive board, said the eurozone lender of last resort was stepping up its monitoring of the financial risks linked to the destruction of “ecosystem services”, which are nature-r
Who reported this story?+
This story was reported by The Guardian World.