I have elsewhere previously expressed my view that it would be wise to make a thorough analytical review of the monetary policy strategy of the ECB, in order to strengthen our ability to stabilize the expectations, and to improve our accountability and transparency even further. I would like to reiterate this view also here.
The current and projected implications for the society and for sustainable development are such that we cannot continue with the «business as usual» scenario – we need to mitigate and drastically reduce emissions by adopting energy efficiency practices, financing "green" energy, promoting energy saving investments, using energy saving techniques, conducting energy management and finally by boosting low carbon circle economy.