THE IMPORTANCE OF ENVIRONMENTAL PROTECTION CONCEPT IN EUROPEAN CENTRAL BANK LAW

The subject of this paper is the introduction of the environmental protection concept in the central banking law to preserve natural resources and contribute to ensuring sustainable economic development. In that sense, the author will attempt to describe the potential contribution of green central b...

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Bibliographic Details
Published inStrani pravni život Vol. 68; no. 3; pp. 403 - 419
Main Author Dimitrijević, Marko
Format Journal Article
LanguageEnglish
Published Institut za uporedno pravo 01.01.2024
Institute of Comparative Law
Institute of Comparative Law, Belgrade
Subjects
central banking law
ecb
environmental protection
EU-Legislation
lex monetae
monetary legislation
monetary legislation
central banking law
ECB, lex monetae
environmental protection
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ISSN0039-2138
2620-1127
DOI10.56461/SPZ_24305KJ

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Summary:The subject of this paper is the introduction of the environmental protection concept in the central banking law to preserve natural resources and contribute to ensuring sustainable economic development. In that sense, the author will attempt to describe the potential contribution of green central bank legislation in managing and mitigating environmental issues, aiming to identify the ecological dimension of the European Central Bank (ECB) mandate, as the supreme monetary institution of the European Union (EU). The following text focuses on the functional analysis of the ECB’s potential legal mandate for environmental activities, their scope, limitations, and practical justification where the introduction of these new activities must be carefully managed without creating a collision with its primary task of maintaining monetary and financial stability.
ISSN:0039-2138
2620-1127
DOI:10.56461/SPZ_24305KJ