The European Green Deal
Role of the financial sectorThe 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.