The European Central Bank announced on the 4th that it will take more measures to incorporate climate change factors into the euro monetary policy framework to reduce financial risks related to climate change and support the green transformation of the economy. The Council of the European Central Bank announced on the same day that in order to implement the goals of the Paris Agreement and the relevant climate goals of the European Union, the European Central Bank will introduce climate change factors in corporate bond purchase, collateral framework, disclosure requirements and risk management, aiming to reduce the financial risks related to climate change on assets and liabilities, help maintain the price stability of the euro system and support the green economic transformation. In addition, the European Central Bank proposed to provide incentives for companies and financial institutions to promote transparency of carbon emissions and reduce carbon emissions. Lagarde, President of the European Central Bank, said that the European Central Bank was implementing its commitment to address climate change and would take more measures to achieve the goals of the Paris Agreement. (Xinhua News Agency)