Not capital markets, but the banking sector is vital for financing Europe’s green transition.
In the Europe Express newsletter of 13 April 2023, the Financial Times’ chart du jour features Sebastian Mack’s latest publication on closing Europe’s green investment gap. To reach the objectives on climate and energy policy, the EU needs to nearly double annual investments in the green transition. In order to obtain this crucial funding, Sebastian Mack argues that the EU must “step us its efforts to green the banking system” to fund the necessary investments for the clean energy transition.
You can read the full newsletter here and download Sebastian Mack’s recent policy brief on banks’ role in the green transition here.