Up to date, China has developed a multi-level market system for green finance, in which green loans and green bonds play a dominant role while a variety of green finance instruments are booming.
If this role fell to the ECB, it would work with national supervisors, counting on their considerable experience and abilities. Do you not fear a conflict of interest between monetary policy and this supervisory role? Monetary policy must be kept separate from banking supervision so that the former is not contaminated by the latter.