Finance alone, is not a silver bullet solution. But without finance, we cannot reach the objectives of Paris Agreement. The success will depend on collaboration and innovative thinking.
At the United Nations Climate Change Conference in Madrid (COP 25) the EBF presented its recommendations on how banks’ support of the transition to a sustainable economy and a carbon neutral future can be further incentivized. The recommendations are part of a new EBF report titled ‘Encouraging and Rewarding Sustainability‘ that identifies how public-private cooperation can be leveraged to accelerate sustainable finance.
To further stimulate and contribute to the debate, we will be hosting an event in Brussels, to discuss with European institutions, regulators, banks and academics how to scale up sustainable activities, mobilize and redirect private financial flows to support such activities, develop new instruments and increase the number of eligible projects and help capital markets developments.