European Central Bank – annual report 2023

Tabled by Bas Eickhout

Added: 22a. Notes that a successful green transition can help alleviate future inflationary pressures by reducing physical risk and the dependence on fossil fuels; is concerned, in this regard, that high interest rates disproportionately affect green investments owing to higher up front capital costs; notes that national central banks in the Eurosystem have, in the past, implemented differentiated interest rates, for example, to benefit export credits; encourages the ECB to consider the introduction of differentiated interest rates; notes recent endorsements of that approach from civil society, academia and the French President;

Wording as published by the EP, in English. PE756.900