ECB President Lagarde's COP31 message: Antalya summit a critical opportunity

European Central Bank President Christine Lagarde said the COP31 summit in Antalya is a critical opportunity to turn global climate targets into concrete action, warning that climate change poses growing risks to the European economy. She called for three priority steps in insurance, infrastructure and energy investment. The remarks matter because the ECB is tying physical climate risk to financial stability and investment needs across the euro area. Watch for follow-through at COP31 on closing insurance protection gaps and mobilizing infrastructure and energy financing.