FAQ
by the ECB
The FAQ answers questions on the introduction of a climate factor in the Eurosystem’s collateral framework which was announced by the ECB on 29 July 2025. The measure is designed to address financial risks related to climate change by protecting the Eurosystem against potential declines in the value of the collateral accepted in its refinancing operations, specifically in the event of adverse climate-related transition shocks.
Link:
ECB: FAQ on the climate factor in the Eurosystem collateral framework