And, as President of the Deutsche Bundesbank, I want to maintain these connections so that we can reach an even wider audience. The Bundesbank and Eurosystem are politically independent in order to ensure stable prices. In return for their independence, however, central banks in democracies have to be accountable to the public.
That said, I do believe that central banks can step up their game to protect the climate without running the risk of overstretching their mandate. It all begins with the question of what role climate change and climate policy can play in fulfilling our mandate.