Abstract
In this text, all contributions are summarized and the focus of the volume is explained. It highlights the importance of a new cultural setting for ECB sustainability strategies. From a system in which the financial sector incorporates sustainability according to its own logic, as does the real sector, the political sector, the regulatory sector, and the civil society, we need to start working on a system of mutually consistent logics to move from “(ECB) Climate Finance” to a “Climate Finance Society” and from “Sustainable Finance” to a “Sustainable Finance Society.” On this basis, one could then start working on the even more ambitious project of putting culture center stage.
Ulrich Klüh acknowledges financial support by the Federal Ministry of Education and Research of Germany in the framework of its funding initiative Sustainable Finance and Climate Protection (SFCP).
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References
ECB (2021a) The ECB’s monetary policy strategy statement. https://www.ecb.europa.eu/home/search/review/html/ecb.strategyreview_monpol_strategy_statement.en.html (last checked: Dec 31, 2022)
ECB (2021b) An overview of the ECB’s monetary policy strategy. https://www.ecb.europa.eu/home/search/review/html/ecb.strategyreview_monpol_strategy_overview.en.html (last checked: Dec 31, 2022)
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Bolsinger, H.J., Klüh, U. (2023). From “Climate Finance” to “Climate Finance Society” to a Culture of Sustainability: Changing Perspectives on the ECB’s New Strategy. In: Bolsinger, H.J., Hoffmann, J., Villhauer, B. (eds) The European Central Bank and Its Role in a Sustainable Finance System. Sustainable Finance. Springer, Cham. https://doi.org/10.1007/978-3-031-24478-0_1
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