The European Central Bank (ECB) has announced plans to hire a Climate Scientist to join its climate change centre, which reports directly to ECB President Christine Lagarde.
The climate change centre itself was established in January in order to consolidate the work being done on climate change across the bank. The 10 person unit is organised into five workstreams, covering topics such as financial stability and prudential policy, and financial market operations and risk.
The recruitment move comes after the ECB last month unveiled a raft of initiatives it will pursue over the next four years to integrate climate change into its activities.
The successful applicant will join the bank “at a time when key policy choices regarding its approach to climate change” are being made, the advert says.
The role, based in Frankfurt, will last for two years, with a potential contract extension of a further three. As part of the role, the scientist will contribute to the ECB’s work on climate change and sustainable finance, as well as support the ECB “in applying climate science to the areas of monetary policy and financial stability”.
Other responsibilities include keeping up to date with research on the impact of climate change, and contributing to internal and external briefings and speeches.
Sean Kidney, CEO of the Climate Bonds Initiative, said on LinkedIn that the move showed the bank was “taking seriously the issue of financial stability risk arising from climate impacts and related policy changes”.