The production and use of euro banknotes has little impact on the environment, according to a study released today by the European Central Bank (ECB) and cited by DPA.
The study equates the annual footprint of euro banknote use in 2019 by one person to travelling 8 km by car, or 0.01 per cent of the total environmental impact of each European's activities.
The euro remains below $1.08
For comparison, the production and use of a cotton T-shirt, which is washed once a week, is equivalent to a footprint as when walking 55 km.
"The Eurosystem is determined to make euro banknotes as green as possible, while ensuring their acceptance around the world," said ECB board member Piero Cipollone.
Since 2004, the Eurosystem has been working to reduce the environmental impact of euro banknotes, such as using 100 percent sustainable cotton and banning the disposal of worn banknotes in landfills.
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