The verdict on climate change is bleaker than ever before. The remaining carbon budget to limit global warming to 1.5°C is rapidly shrinking – equivalent to just three years of emissions at current rates. What is the scientific framework known as planetary boundaries? What’s science telling us about the economic impact of climate change? And how is the ECB addressing climate and nature-related risks? Our host Paul Gordon speaks to Johan Rockström, Director of the Potsdam Institute for Climate Impact Research, and Irene Heemskerk, head of the ECB’s climate change centre, to find out why. The views expressed are those of the speakers and not necessarily those of the European Central Bank. Recorded on 8 October 2025 and published on 14 October 2025. In this episode: 01:48 Where do we stand in the fight against climate change? What is science telling us? What could get us back on track? 05:58 Is climate change attracting enough attention? Is it being overshadowed by other challenges, like the war in Ukraine or geopolitical fragmentation? How is climate change connected to the economy? And what level of risk are we facing? 10:30 What are planetary boundaries? What is the planetary boundaries framework? 14:50 The phases of climate change How has global warming evolved over time? Are we heading for disaster? Is the 1.5°C threshold a goal or a limit? 19:15 Why is our economy dependent on climate change? Why do climate insights matter to the work of a central bank? How does the ECB take climate change into account? What risks does climate change pose to our primary mandate, price stability? And is it too late for us to take action? 23:03 What is the “right pace” for transitioning to a carbon-neutral economy? How can we balance the need for rapid change with economic interests ? 26:15 Does every step matter? What’s needed for an orderly transition? What progress has been made in recent years, and what decisions could accelerate it further? 31:55 Our guests’ hot tips Johan and Irene share their hot tips. Johan’s hot tip: The EAT-Lancet Commission on healthy, sustainable, and just food systems (published on 2 October 2025) https://www.thelancet.com/journals/lancet/article/PIIS0140-6736(25)01201-2/abstract TED Talks by Johan Rockström https://www.youtube.com/watch?v=RgqtrlixYR4 (2010) https://www.youtube.com/watch?v=Rv-tDrv__mc (2018) https://www.youtube.com/watch?v=8Sl28fkrozE (2020) https://www.youtube.com/watch?v=Vl6VhCAeEfQ (2024) Climate change and the ECB https://www.ecb.europa.eu/ecb/climate/html/index.en.html The ECB Podcast: The ECB’s climate and nature plan: our path to a greener future https://www.ecb.europa.eu/press/tvservices/podcast/html/ecb.pod240125_episode78.en.html The tipping points of climate change – and where we stand https://www.ted.com/talks/johan_rockstrom_the_tipping_points_of_climate_change_and_where_we_stand?subtitle=en&geo=de ECB Instagram https://www.instagram.com/europeancentralbank/

Il video descrive le origini e la storia dell'edificio di proprietà della Banca d'Italia in Via dei Due Macelli 75 a Roma.

Pietro Franchini è Vice Capo del Servizio Studi e Gestione Dati

Episodio 4: L'euro digitale per tutti, anche per chi non ti aspetti Ma come funzionerebbe l’euro digitale? Semplice: attraverso un’app sul cellulare viene aperto un portafoglio elettronico, ricaricabile con il conto corrente di ciascuno di noi. L'euro digitale potrebbe essere un'opzione utile anche per le persone anziane, che magari non sono molto a proprio agio con le nuove tecnologie. L’euro digitale non vuole sostituire i contanti, ma offrirne una versione digitale, sicura e semplice: alla posta o in banca, con l’aiuto di un impiegato si potrebbe ricaricare il portafoglio elettronico attraverso il conto corrente o in contanti. Per pagare al supermercato, basterebbe usare l'app dell'euro digitale sul cellulare, magari con una mano da parte del cassiere. E se una persona non ha il cellulare? Potrebbe usare una carta fisica collegata al portafoglio elettronico, proprio come una carta prepagata. E per tutti coloro che temono che il contante scompaia, niente paura: l'euro digitale è progettato per essere un'opzione in più, per rendere i pagamenti più facili e sicuri. Più scelta significa più libertà per tutti. Insomma, l'euro digitale potrebbe offrirci un modo in più per pagare: semplice, sicuro, gratuito e universale! Il pagamento elettronico con la comodità del contante!

L'obbligatorietà delle polizze contro i rischi catastrofali, introdotta nel 2024, mira a ridurre l'impatto economico di eventi estremi. L'IVASS monitora il mercato, evidenziando l'importanza di prodotti assicurativi chiari e trasparenti.

Session 5 on Inflation and Monetary Policy at the Inflation: Drivers and Dynamics Conference 2025. Session chair: Edward Knotek, Federal Reserve Bank of Cleveland. The Taming of the Skew: Asymmetric Inflation Risk and Monetary Policy • Presenter: Andrea De Polis, University of Strathclyde and Economic Statistics Centre of Excellence (ESCOE), UK. • Leonardo Melosi, University of Warwick, European University Institute, De Nederlandsche Bank, and Centre for Economic Policy Research (CEPR) • Ivan Petrella, Collegio Carlo Alberto, University of Turin, and Centre for Economic Policy Research (CEPR) • Discussant: Matthias Rottner, Bank for International Settlements Watch all sessions from the conference: https://www.youtube.com/playlist?list=PLnVAEZuF9FZnje5bTTZ9sJKe4TR0OlIbA See the conference programme here: https://www.ecb.europa.eu/press/conferences/html/20250929_inflation_conference.en.html

Session 5 on Inflation and Monetary Policy at the Inflation: Drivers and Dynamics Conference 2025. Session chair: Edward Knotek, Federal Reserve Bank of Cleveland. Monetary Policy across Inflation Regimes • Presenter: Katerina Petrova, Federal Reserve Bank of New York, Universitat Pompeu Fabra, and Barcelona School of Economics • Valeria Gargiulo, Universitat Pompeu Fabra • Christian Matthes, Indiana University • Discussant: Marco Lombardi, Bank for International Settlements Watch all sessions from the conference: https://www.youtube.com/playlist?list=PLnVAEZuF9FZnje5bTTZ9sJKe4TR0OlIbA See the conference programme here: https://www.ecb.europa.eu/press/conferences/html/20250929_inflation_conference.en.html