Affiliation: 
www.thebetterpolicyproject.org

Voting history

The ECB’s Green Agenda

Question 2: Would you support changing the ECB’s mandate to incorporate the EU’s target of carbon neutrality by 2050, if such a change is deemed legally necessary to adopt your preferred approach?

Answer:
No
Confidence level:
Confident
Comment:
Like with the dual mandate (inflation and full employment) it would have to be made very clear that the primary objective of monetary policy is price stability and that placing weights on other variables cannot be inconsistent with achieving the primary objective. As would be the case with the dual mandate it will be critical to clearly delineate what the ECB can and cannot do to help out with climate-change issues.

 Question 1: Which of the following actions is the most advisable approach for European Central Bank to address the environmental impact of its bond-purchasing policies?

Answer:
Aiming for market neutrality
Confidence level:
Confident
Comment:
I would rather they focus on implementing a dual mandate. That would be a much easier objective to achieve. They would just need to look at the experiences of other countries and focus on implementing best practices. Start by looking at the United States, New Zealand, Czech Republic, Chile, etc.