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Frank Elderson discusses climate and nature risks to economic resilience and competitiveness

2 reports1 sources10/26/2026 updated

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ECB's Frank Elderson highlights that climate and nature risks are structural drivers of economic outcomes, noting that 72% of euro area companies rely on at least one ecosystem service and 75% of loans are highly dependent on ecosystems. He warns that extreme weather in the record-hot summer of 2026 has already transmitted through energy, agriculture, and infrastructure to inflation and growth. While electrification can reduce import dependence, policy uncertainty and a financing gap hinder investment. Elderson argues that a well-managed transition can enhance strategic autonomy and long-term competitiveness.

Written with AI from the reporting · updated 10/26/2026

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New at this step ·ECB's Frank Elderson: Nature is fundamental to economic activity, says 72% of euro area companies depend on ecosystem services

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  1. 10/19/2026, 3:01:41 PM

    ECB Executive Frank Elderson Highlights Climate and Nature Risks as Drivers of Economic Resilience

    European Central Bank News

  2. 10/26/2026, 1:10:24 PM

    ECB's Frank Elderson: Nature is fundamental to economic activity, says 72% of euro area companies depend on ecosystem services

    European Central Bank News

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  1. 1Oct 19, 15:01single sourcereport-time onlyrevised

    Frank Elderson:从气候与自然风险看经济韧性与竞争力

    Read original source ↗ European Central Bank NewsReplay this moment in the explorer
  2. 2Oct 26, 00:00recorded Oct 26, 13:10single sourcerevised

    Frank Elderson在COP17强调自然资本对经济韧性的重要性

    Read original source ↗ European Central Bank NewsReplay this moment in the explorer

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Oct 26
  1. European Central Bank NewsSelected
    ECB's Frank Elderson: Nature is fundamental to economic activity, says 72% of euro area companies depend on ecosystem services

    In a keynote at COP17 Finance and Biodiversity Day, ECB Executive Board Member Frank Elderson stated that 72% of euro area companies depend on at least one ecosystem service, and 75% of corporate lending in the region goes to highly dependent firms. He argued that protecting and restoring nature is investment in natural capital, resilience, and future prosperity, warning that ecosystem deterioration raises costs, lowers productivity, and disrupts supply chains.

Oct 19
  1. European Central Bank NewsSelected
    ECB Executive Frank Elderson Highlights Climate and Nature Risks as Drivers of Economic Resilience

    Frank Elderson, ECB Executive Board member, warned that the record‑warm summer of 2026 in Western Europe, marked by severe droughts, wildfires and water scarcity, has exposed how climate and nature degradation directly impact transport, industry, energy, agriculture and overall economic stability. He argued that these environmental shocks are becoming a systemic macroeconomic risk and must be addressed through integrated green transition policies that strengthen competitiveness, energy security and long‑term prosperity.

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