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The ECB has a responsibility to act on climate change, say financial activists who on Thursday protested the banks bond-buying from fossil-fuel companies (Photo: Greenpeace)

Natural disasters drive inflation, study finds

A research paper from Greenpeace ahead of the European Central Bank's (ECB) governing council press conference on Thursday (9 September) has found that natural disasters can cause market prices to swing - both up and down.

These so-called 'inflationary pressures' will increase in the coming decades, as natural disasters are expected to become more frequent due to climate change.

In the paper,

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

The ECB has a responsibility to act on climate change, say financial activists who on Thursday protested the banks bond-buying from fossil-fuel companies (Photo: Greenpeace)

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

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