AMAFI / 21-47 3 September 2021
SUSTAINABLE FINANCE STRATEGY:
ENABLING DERIVATIVES TO CONTRIBUTE
TO TRANSITION EFFORTS
The mitigation of climate change is one of the major challenges our planet is facing. Through the European Green Deal, the Union aims at setting an example through the definition of ambitious goals such as reversing biodiversity loss, strengthening resilience to climate change as well as becoming the first climate- neutral continent by 20501.
The financial sector has a central role to play to support that transition. Following up from its 2018 Action Plan on financing sustainable growth2, the European Commission adopted last July its renewed Sustainable Finance Strategy (the Strategy)3. It emphasizes a financing need of € 350 billion per year to meet the 2030 emissions-reduction target in energy systems alone…