Market neutrality has created ‘massive carbon bias’ in Europe’s QE programme, finds study

Excluding bonds from fossil fuel and carbon intensive firms would leave €1trn investable universe, down from €1.5trn

Christine Lagarde, ECB President
Christine Lagarde, ECB President

The European Central Bank’s (ECB) corporate QE programme has a “massive carbon bias” that is “misaligned with EU commitments to the Paris Agreement”, a new study has found, in the latest call for the European supervisory body to drop market neutrality in a bid to tackle the clima…

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