Banking


Green finance in focus

In 2015, in Paris, 196 countries committed to work to limit global warming to 2°C (or below) with respect to pre-industrial levels. In order to comply with the Paris agreements and achieve a transformation towards a low-carbon economy and a more efficient use of resources, major structural changes and a considerable mobilisation of resources are required. In Europe alone, the European Commission estimates that additional investment amounting to 180 billion euros per year (up to 2030) is required in the energy and transport sectors (see the first chart). 1 The...

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