President von der Leyen identified two key challenges we need to address to boost global sustainable investment: First, how to attract more capital towards sustainable investment. Second, how to bring more countries on board, and raise the global ambition.
The speech was also an occasion for her to recall Europe’s commitment and leadership: “Europe can lead by the power of its example. Europe has become the home of sustainable investment. The European green bond market today is worth around €1 trillion. We have built the largest carbon market in the world, with our Emissions Trading System. And later this month, we will strengthen our leadership, when we will start issuing green bonds worth €250 billion, as part of NextGenerationEU. This is a leadership we are proud of, and we will keep consolidating.”
Finally, looking ahead to the upcoming United Nations Climate Change Conference, the President said: “The COP26 in Glasgow will be a moment of truth for the global community. Ambitions need to be backed by concrete plans. And Europe will continue to engage, with the highest level of ambition.”
This article was originally published on euporter.co