Lagarde warns that the economic costs of climate change will increase

Christine Lagarde, president of the ECB, warns that the economic costs of climate change will rise in Europe, urging investment in adaptation measures. She highlighted the need for improved energy infrastructure and welcomed the new European climate resilience framework. Lagarde emphasized that extreme heat will become more frequent, disproportionately affecting vulnerable populations. She announced her early departure from the ECB, effective February 7, nine months before her term ends.