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March 26, 2024

Non-profits urge central banks to consider dual interest rates to spur transition

European Central Bank logo and entrance
The environmental groups also want central banks to be mandated to deploy innovative financial instruments to speed up the EU’s transition to net zero (Photo: Alex Kraus/Bloomberg)

The European Central Bank should look at deploying lower interest rates to finance sustainable technologies, says report

Setting lower interest rates for green projects, compared with other types of corporate lending, is one of several proposals made by non-profits to address the investment gap in funding the EU’s transition to net zero.

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