European Central Bank Chief Blames Climate Change for Red-Hot Inflation
The Chief of the European Central Bank (ECB) has said that climate change is behind soaring inflation, stating that droughts and famines are driving up prices.
ECB Chief Christine Lagarde made the comments in an interview with the French outlet Madame Figaro, on July 13. An English translation of the interview was published on Aug. 25.
Lagarde said that more climate disasters could see prices rise even further.
“If more and more climate disasters, droughts, and famines occur throughout the world, there will be repercussions on prices, on insurance premiums, and on the financial sector,” Lagard said. “We need to take that into account.”…