The European Commission has launched a consultation on its renewed sustainable finance strategy. Comments are due by 15 July on potential strategies to help mobilise private investment in sustainable projects throughout the bloc.
The reinvigorated consultation is an integral part of the European Green Deal, which the Commission launched in December 2019 and forms part of the Commission's overall efforts to ensure a sustainable and resilient economic recovery following the coronavirus crisis and the Union's troubled response to the outbreak.
This call for consultation sits centrally within reports that the Commission has completed its process for appointing new advisers as part of its push to implement new prudential green regulations for banks.
Indeed, these European-focused events also sit against key US asset managers raising billions to invest in renewable energy assets and highlighting the importance of sustainability and indicating that such issues now form part of their investment analysis alongside traditional factors like liquidity.
The ongoing coronavirus outbreak highlights the critical need to strengthen the sustainability and resilience of our economies in the future.