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From recognition to integration: the ECB’s progress on climate and nature-related risks and the role of its climate change centre

Author

Listed:
  • Baranović, Ivana
  • Barillà, Giuseppe
  • Heemskerk, Irene
  • Hutchinson, John

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 Classification: E58, Q54, Q57

Suggested Citation

  • Baranović, Ivana & Barillà, Giuseppe & Heemskerk, Irene & Hutchinson, John, 2026. "From recognition to integration: the ECB’s progress on climate and nature-related risks and the role of its climate change centre," Economic Bulletin Articles, European Central Bank, vol. 7.
    • Handle: RePEc:ecb:ecbart:2026:0007:2
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    JEL classification:

    • 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 and their Management; Global Warming
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics

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