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Euro area and national quarterly financial accounts – Quality report 2020


Euro area and national quarterly financial accounts – Quality report 2020
This report reviews the quality of the quarterly euro area and national financial accounts.
[1] It fulfils the formal requirement for the Executive Board of the European Central Bank (ECB) to inform the Governing Council of the ECB regarding the quality of those statistics, as set out in Article 7(2) of Guideline ECB/2013/24
The main principles and elements guiding the production of ECB statistics are set out in the ECB’s Statistics Quality Framework and quality assurance procedures, which are published on the ECB’s website. This report provides analysis of the relevant statistical output, looking at: (i) methodological soundness; (ii) timeliness; (iii) reliability and stability; (iv) internal consistency (completeness and compliance with validation rules); and (v) external consistency with four other comparable statistical domains – quarterly non-financial sector accounts, balance of pay ....

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A global accord for sustainable finance EJINSIGHT


Fabio Panetta
May 12, 2021 09:05
The COVID-19 pandemic has caused the largest decrease in global economic activity on record. But the drop in carbon dioxide emissions has been only temporary. Although global CO2 emissions fell by 6.4% overall in 2020, they had already begun to increase in the second half of the year and have now returned to pre-crisis levels.
The fact that last year’s extraordinary circumstances still did not bring global emissions into line with the targets set by the 2015 Paris climate agreement is a stark reminder of the scale of the challenge we face. As the Nobel laureate economist William Nordhaus reminds us, climate change is the quintessential global externality. Its effects are spread around the world and no country has sufficient incentives or capacity to solve the problem on its own. International coordination is therefore essential. ....

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ECB appoints Irene Heemskerk as head of its climate change centre


ECB
Head of climate change centre will report to President Lagarde
Climate change centre will shape and steer ECB’s climate agenda
The Executive Board of the European Central Bank (ECB) has appointed Irene Heemskerk as head of the ECB’s climate change centre as of 15 June 2021.
The ECB launched its climate change centre earlier this year to shape and steer its climate agenda internally and externally, building on the expertise of all teams already working on climate-related topics at the bank.
“The climate change centre will focus the ECB’s efforts to address climate change,” said ECB President Christine Lagarde. “Irene Heemskerk brings the experience, knowledge and enthusiasm required to lead the climate change centre’s work and to strengthen the ECB’s role in the fight against climate change within its mandate.” ....

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