European Central Bank Chief Blames Climate Change for Red-Hot Inflation

President of European Central Bank Christine Lagarde addresses a news conference following the meeting of the Governing Council's monetary in Frankfurt, Germany, on March 10, 2022. Daniel Roland/Pool via Reuters

The Chief of the European Central Bank (ECB) has said that climate change is behind soaring inflation, stating that droughts and famines are driving up prices.

ECB Chief Christine Lagarde made the comments in an interview with the French outlet Madame Figaro, on July 13. An English translation of the interview was published on Aug. 25.