European Green Deal Marches Forward

The coronavirus and Brexit negotiations haven't knocked off course the European Commission's plans to push forward with its Sustainable Finance Action Plan 

Andy Pettit 19 May, 2020 | 2:31PM

Solar panels

European authorities are continuing to push forward with the Sustainable Finance Action Plan despite the coronavirus pandemic. In addition to many new developments on individual subcomponents of the plan, the European Commission has also initiated work on a Renewed Sustainable Finance Strategy.

This policy strategy aims to provide financial systems the tools needed to transition to the standards outlined by the EU Green Deal. The Green Deal presents a vision for a climate-neutral continent by 2050 and a road map to get there, which includes 50 actions to take by 2050. The renewed strategy is scheduled for adoption in the fourth quarter of 2020 and has been kicked off with a wide-ranging public consultation to build on the 10 steps of the EU Sustainable Finance Action Plan.

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About Author

Andy Pettit  Director, Policy Research (EMEA), Morningstar

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