ECB interest rate hikes will damage climate protection policies

Heimberger, P. & Steininger, L. (15 August 2022) ECB interest rate hikes will damage climate protection policies. LSE European Politics and Policy (EUROPP) blog.
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On 21 July, the European Central Bank decided to raise interest rates for the first time since 2011 in a bid to curb inflation. With further rate rises potentially on the horizon, Philipp Heimberger and Lea Steininger argue that climate protection policies could be an unexpected casualty from the central bank’s shift in approach.

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