ECB - Economy Wide Stress Test

The European Central Bank (ECB) has published the results of the economy-wide climate stress test, from which banks benefit from the early adoption of green policies in order to foster a transition to a sustainable economy. The exercise reveals that an orderly and rapid transition minimizes costs, maximizes profits and offsets the short-term cost of transitioning to a zero-carbon economy, showing that companies and banks benefit from adopting green policies in order to boost zero-emission economy.