Christine Lagarde, President of the European Central Bank (ECB), emphasized on Friday that the green transition is not merely an “energy demand” but an economic necessity.
Lagarde further stated that the ECB aims for a unified global market but acknowledges that achieving this goal requires substantial effort.
The ECB President underscored that the world may witness further tax fragmentation, urging the need for reforms.
She also highlighted the belief that “globalization” plays a crucial role in eradicating poverty.
Lagarde’s comments reflect the ECB’s commitment to addressing climate change and its impact on the economy.
The bank has been actively involved in efforts to promote sustainability and green finance within the European Union and beyond.
As the global community grapples with environmental challenges, Lagarde’s statements emphasize the interconnectedness of the green transition and the broader economic landscape.
