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As the world gears up for the transition to net-zero, the European Union is setting ambitious targets with respect to its own environmental footprint. For instance, by 2030 the EU is looking to reduce European greenhouse gas emissions by at least 55% compared to 1990 levels; increase the share of renewables within Europe’s total energy consumption to 32%; and achieve energy savings of at least 32.5%, compared to the EU’s ‘business-as-usual’ scenario.
The investment gap is estimated at €260 billion a year by 2030 and achieving these goals represents an investment challenge that cannot be met by the public sector alone – the financial sector must play a role in raising the private capital needed. The European Commission is well aware of this reality and adopted an Action...
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