Leadership reshuffle threatens ECB’s green goals

What happened: Christine Lagarde looks set to leave the European Central Bank presidency ahead of time, with a major reshuffle of the six-person executive board expected and two other seats changing before her term Why it matters: Activists warn the ECB's climate role is under threat if Lagarde and Frank Elderson, her strongest climate ally on the board, both leave. Experts expect existing green policies to survive but warn progress could stall under new leadership. Key numbers: Lagarde's term runs to October next year; the executive board has six members; the ECB's inflation target is 2%.

Christine Lagarde looks set to leave the European Central Bank presidency ahead of time, with a major reshuffle of the six-person executive board expected and two other seats changing before her term

Activists warn the ECB's climate role is under threat if Lagarde and Frank Elderson, her strongest climate ally on the board, both leave. Experts expect existing green policies to survive but warn progress could stall under new leadership. Key numbers: Lagarde's term runs to October next year; the executive board has six members; the ECB's inflation target is 2%.