Sustainable Finance: How can the financial sector become a true engine of the European Green Deal?
According to the European Commission’s estimates, in order to meet its 2030 climate and energy targets, the EU needs to invest approximately €350 billion more every year over the next decade than it did during the previous ten years. Such an investment challenge requires the involvement of the industry, and the financial sector has a key role to play by directing investments towards more sustainable sectors, practices and technologies.
COP26 also made clear that sustainable finance remains high on the agenda of policymakers and the private sector. In Brussels, the finalisation and implementation of the EU Taxonomy Regulation – especially with regards to nuclear energy and natural gas – will continue to dominate the political discussions in the coming weeks and months.
The webinar brings together voices from the business sector with those of institutional speakers and civil society. It will continue the discussions on this important topic, taking its cues from the European Commission’s renewed sustainable finance strategy and from COP26, where Net Zero momentum in the financial sector was undeniable: More than 450 major financial institutions across 45 countries, controlling assets of more than $130 trillion, have joined the Glasgow Financial Alliance for Net Zero. The webinar will focus both on the public policy aspects of the topic as well as on insights from “on the ground” practitioner – and how these two perspectives can be brought together.