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ECB Unveils New Climate-Related Statistics to Narrow Data Gap

Jan. 24, 2023, 10:00 AM

The European Central Bank unveiled a first set of climate-related statistical indicators to better monitor the impact of global warming on the financial sector and to track developments in sustainable and green finance.

The new gauges are either experimental or analytical, the ECB said on Tuesday. It cautioned that the former comply with “many, but not all” of its standards. The analytical measures meanwhile have a lower quality and “certain – sometimes significant – limitations.”

“The indicators are a first step to help narrow the climate-data gap, which is crucial to make further progress toward a climate-neutral economy,” Executive Board ...