Sustainable investments to meet the Paris climate targets will receive more funding in the future. New European and European Union negotiators agreed on corresponding new rules yesterday in Brussels. The agreement must still be formally adopted before it can enter into force.
The European Union has set itself the target of reducing its greenhouse gas emissions by 40% by 2030 compared to 1990 levels. She wants to implement commitments from the 2015 Paris Climate Agreement. According to estimates by the European Commission, about 180 billion euros would have to be invested in a climate-friendly way each year.
„Paris label“ for investments
In the future, a „Paris label“ should mark investments that are in line with the climate agreement. For this purpose, a list of companies will be created by experts who can prove that they are based on the 1.5-degree goal of the agreement. The Paris Agreement envisages limiting global warming as much as one and a half degrees Celsius compared to pre-industrial times.
„Moving to a low-carbon, sustainable economy requires us to rethink business and investment,“ Romanian Finance Minister Eugen Teodorovici said. Romania currently holds the EU Presidency. „In the future, it will be easier for investors to choose climate-friendly projects.“
