The ECB has released its bloc-wide stress test results with both a warning to banks about the impact on their balance sheets and an invitation to the ‘golden opportunity’ that investment in the new green economy represents.
- Short term ‘orderly’ transition is needed to avoid significant financial impacts
- Physical impacts are highly regionalized within the union
- Transition risks to banks as the EU moves to a net-zero power grid are considerable
The full report is here
