Discover and read the best of Twitter Threads about #pactefinanceclimat
Most recents (1)
THREAD: 'Quantitative Easing (#QE) for the #Climate', summary of blogpost of @pdegrauwe from @LSEEcon, questioning:
'To what extent can the money created by the central bank be used to finance investments in the environment?'
Short answer: fully
'To what extent can the money created by the central bank be used to finance investments in the environment?'
Short answer: fully
"There is no restriction on what types of assets the @ecb can buy. Since 2015 when it started QE, the @ecb has mainly bought government bonds, but also corporate bonds from financial inst. The @ecb could, however, also purchase bonds [...] to finance environmental investments."
"A possible objection is [...]: If the @ecb buys these "environmental bonds", it will be involved in the decision-making process about which environmental investments should have a priority. [...] These are all questions that have to be settled by political authorities [...]."
