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Lukasz Krebel Profile picture
Lukasz Krebel
@lukasz_krebel
Climate policy adviser at the Bank. Sometimes football/history. Views personal. @lukasz-k.bsky.social
Jul 4, 2022 • 21 tweets • 14 min read
Climate update of the day:
1 year on from its Climate Roadmap, the @ecb has announced its first concrete policy measures.

TLDR? Some BIG WINS but (would you guess it) more to be done, and faster.

A short(?) thread.
1/20 [not that short] In July last year, following some 18-months of debate (interrupted by the Covid pandemic too), the ECB announced a landmark roadmap outlining its plans, for the 1st time, to begin addressing #ClimateCrisis in its operations.
Today it's the Update Day 🎊
2/
 ecb.europa.eu/press/pr/date/…
Nov 5, 2021 • 21 tweets • 9 min read
Big #ClimateFinance news - and not from #COP26!
@bankofengland, following the consultation earlier this year, has announced how it intends to green its corporate QE.

A thread (1/19): Image First, what is corporate QE? Officially named CBPS (Corporate Bond Purchase Scheme), it's one of Bank's monetary policy tools used in implementing its mandate. That mandate, since March this year, also includes support for transition to net-zero economy. (2/19)
Jul 8, 2021 • 20 tweets • 16 min read
What's happening? The @ecb has just published the outcome of its 18-month monetary policy strategy review! Including what it plans to do on climate 🌍🌳

Quick thoughts: A THREAD
(1/20) Image Quick recap: shortly after @Lagarde became the ECB president, the bank announced its first review of monetary policy strategy since 2003, to focus on the fascinating topic of 'close to, but below 2%' inflation target, but also on 'new topics' for CBs such as #ClimateCrisis (2/20)
Jul 7, 2021 • 7 tweets • 3 min read
A thought-provoking intervention by @yanisvaroufakis on greening the @ecb debate. He highlights valid issues with to what extent an independent (aka 'unaccountable') central bank should be making key decisions reshaping the economy. (1/7) He argues that for ECB to green its policies - such as the collateral framework, would be 'too political' & argues instead for an @ecb @EIB 'alliance' instructed by the European Council, whilst calling for 'democratising' the ECB in some longer-term. (2/7)
Mar 18, 2021 • 6 tweets • 2 min read
Beyond #Megxit: @sjwrenlewis powerful analysis warning about the "invisible contract" between some of the public/politicians and the right-wing press that 'threatens meaningful democracy in the UK'.

TLDR: 'Permanent power is achieved in four ways': (1/5) 'The first, taking its cue from the US Republican party, is to make any election battleground about this socially conservative/liberal divide that was at the core of Brexit. The right wing press and this government’s ‘war on woke’ is designed to achieve exactly that.' (2/5)