Investors call out for green opportunities, as EU aims to open the door

(EurActiv, 20 Jul 2020) In order to make the post-pandemic recovery as sustainable as possible, long-term green investments will be in hot demand. Participants at a virtual conference called “Investing post-COVID: is a green recovery assured?” called for more opportunities and a viable framework.

An increase in low probability, high impact events like forest fires, is showing that global warming is a big risk for the insurance industry.

At a virtual event organised by EURACTIV on 14 July, MEP Nicolae Ștefănuță (Renew) said that the acceleration of climate change means that it is important to stick “to the plan for the next 30 years, in order to make [climate neutrality by 2050] happen and achieve global leadership for the first time on this point”.

“Europe needs to drive all its forces and efforts, public and private, to this goal,” the Romanian lawmaker – a member of the European Parliament’s environment committee – added.

Being ambitious and pragmatic

“It’s all about moving the focus of private companies from the very short-term to mid- and long-term and risk management. It’s a revolution,” Frédéric de Courtois, general-manager at Generali said. According to him, the three-year plan is ‘nonsense’, because investors need to have a longer vision.

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EurActiv, 20 Jul 2020: Investors call out for green opportunities, as EU aims to open the door