This might seem trivial to you now, especially after the presentation and discussions we heard today. But it has not been an easy road, connecting the dots between finance and climate change. We all felt this was a thing worth doing. Yet this was not an easy thing.
It was not easy to convince our colleagues that climate change was a word that central bankers should even have in their vocabulary. It was not easy to convince our banking supervisors that they should discuss climate related risks with the banks under their supervision. It was not easy to persuade our European colleagues to include climate risk in the ECB’s risk map.