ECB's Sleijpen Suggests Reducing Fossil Fuel Dependency Could Curb Inflation

Olaf Sleijpen, a member of the European Central Bank (ECB) Governing Council, stated on November 13, 2026, at the Cop31 climate conference that reducing reliance on fossil fuels could not only cut emissions but also help bring down inflation. He emphasized that climate risk is a core responsibility for central banks due to its impact on inflation, credit risk, and financial stability.