Is Europe ready to tackle its investment gap and to make finance sustainable?
Avril 2018
Article paru dans EUROFI Magazine
Europe is in urgent need to modernise its economy to answer the challenges of sustainability. In order to achieve its 2030 targets of the Paris agreement, no less than 180 billion euros per year are needed to fill the investment gap in a time when liquidity is more than ever still available.
Financial markets tend to value short-term benefits over long-term returns and plan accordingly, ignoring the impact of climate change as well as the economic potential of sustainable projects. These sectors (insurers, retail banks, etc.) must from now on take on board Environmental, social and governance (ESG) risks and factors in their prices, and stop playing a part in “the tragedy of the horizon”.