The Werner report 40 years ago, the establishment of the European Monetary System 30 years ago, the Delors report 20 years ago and finally the establishment of the European monetary union a bit more that 10 years ago. We must not undermine this great achievement.
During my time at the New Zealand Superannuation Fund we signed the Paris Pledge for Action, affirming our commitment to a safe and stable climate where temperature rise is limited to under 2 degrees Celsius and launched a climate change strategy to ensure the fund was more resilient 14 3/5  BIS central bankers' speeches  to climate risks.14 In 2017 we exited or reducing holdings in 300 firms as part of our carbon transition.