The European Green Deal

Role of the financial sector


The European Commission issued in a Communication their ideas about a European Green Deal. It resets the Commission’s commitment to tackling climate and
environmental-related challenges that is this generation’s defining task. The aim is to transform the EU into a fair and prosperous society, with a modern,
resource-efficient and competitive economy where there are no net emissions of greenhouse gases in 2050 and where economic growth is decoupled from resource
use.  The Commission stated to present a renewed sustainable finance strategy in the third quarter of 2020 that will focus on a number of actions. 

The full statement can be found here.