To this end, intermediaries will increasingly need new skills, capable of screening and monitoring long-term investment projects aimed at improving sustainability. Figure 2 shows that there is a positive relationship between sectoral greenhouse gas emissions and the share of firms in each sector that made sustainable investments.
11  Recently the ECB organised an Inflation Persistence Network to examine in details all aspects of this relevant issue for us. All proceedings of the IPN have been issued in our working paper series. For some selected references see Dhyne et al. (2005), Altissimo et al. (2006) and Bils and Klenow (2004). BIS Review 117/2006  5  statistical regions.