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Finnish ECB presidential candidate Rehn calls for more tools to mainstream green finance

With the ECB presidential election only weeks away, potential candidate for Draghi’s position, Bank of Finland Governor Olli Rehn, claims financial decision-making tools ought to better reflect climate-related criteria.

Bank of Finland Governor and potentially Mario Draghi's successor as ECB president, Olli Rehn | Photo: Karoliina Vuorenmäki

The financial sector, in the EU and globally, still lacks adequate instruments for mainstreaming green finance, argues Bank of Finland Governor Olli Rehn, potential candidate for the position of the European Central Bank’s (ECB) president.

In his speech at the World Circular Economy Forum in Helsinki earlier this week, Rehn noted that the EU Commission is working on mainstreaming green finance with plans for a capital markets union and sustainable finance action.

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