The financial sector: a powerful actor in fighting climate change
The European Commission has stressed that in order to achieve the EU's 2030 climate targets, approximately €180bn each year of additional investments in energy efficiency and renewable energy is needed – a key part of this is 'making the financial sector a powerful actor in fighting climate change'.
Ross Moore, Head of Energy, Infrastructure and Natural Resources, looks at the global, EU and domestic initiatives designed to connect finance with climate action and the sustainability agenda. These initiatives aim to channel financial investments into the right areas, while also enhancing green responsibility, disclosure and accountability.
This article was first published in the Energy Ireland Yearbook 2020.
Date published: 1 May 2020