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    Home > Chemicals Industry > International Chemical > The EU launches new green finance strategy to support the low-carbon energy transition

    The EU launches new green finance strategy to support the low-carbon energy transition

    • Last Update: 2022-12-26
    • Source: Internet
    • Author: User
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    The European Union has launched a new green finance strategy to support the continent's transition
    to a low-carbon energy system.

    The EU launches new green finance strategy to support the low-carbon energy transition

    As climate change worsens and global resources deplete, urgent action and increased funding are needed to adapt to a more sustainable development model
    , the EU said.

    The European Commission believes that around 180 billion euros in additional investment
    per year will be needed if the goals of the Paris climate agreement are to be met.

    The EU has put forward a series of recommendations to ensure the likelihood of achieving the target, including establishing a common language for sustainable finance, determining how to have the greatest impact and creating labels for green financial products to increase investor confidence
    .

    The EU also recommends ensuring that asset managers and institutional investors consider the role of sustainability in the investment process, strengthening disclosure requirements, advising clients and increasing transparency
    .

    Frans Timmermans, First Vice-President of the European Commission, said: "The shift to a greener, more sustainable economy is good for job creation and good for people and the planet
    .
    Now we are making sure that the financial system works towards
    that goal.
    Our recommendations will allow investors and individual citizens to make positive choices in order to use their funds more responsibly and support sustainability
    .

    The European Union has launched a new green finance strategy to support the continent's transition
    to a low-carbon energy system.

    Low-carbon energy

    The EU launches new green finance strategy to support the low-carbon energy transition

    The EU launches new green finance strategy to support the low-carbon energy transition

    As climate change worsens and global resources deplete, urgent action and increased funding are needed to adapt to a more sustainable development model
    , the EU said.

    The European Commission believes that around 180 billion euros in additional investment
    per year will be needed if the goals of the Paris climate agreement are to be met.

    The EU has put forward a series of recommendations to ensure the likelihood of achieving the target, including establishing a common language for sustainable finance, determining how to have the greatest impact and creating labels for green financial products to increase investor confidence
    .

    The EU also recommends ensuring that asset managers and institutional investors consider the role of sustainability in the investment process, strengthening disclosure requirements, advising clients and increasing transparency
    .

    Frans Timmermans, First Vice-President of the European Commission, said: "The shift to a greener, more sustainable economy is good for job creation and good for people and the planet
    .
    Now we are making sure that the financial system works towards
    that goal.
    Our recommendations will allow investors and individual citizens to make positive choices in order to use their funds more responsibly and support sustainability
    .

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