[ Director: Mário Frota [ Coordenador Editorial: José Carlos Fernandes Pereira [ Fundado em 30-11-1999 [ Edição III [ Ano X

terça-feira, 6 de junho de 2017

Green finance reaches EU policy ‘tipping point’

Pressure is building on global regulators to “stress-test” portfolios of large institutional investors against long-term environmental objectives such as climate change, in a move that could shift billions in investment away from fossil fuels.
[Don Buciak II / Flickr]
 
Once regarded as “exotic”, sustainable finance is now firmly entering the policy mainstream, said Niall Bohan, head of unit at the European Commission in charge of the Capital Markets Union, one of the EU’s flagship initiatives.

“The challenge now is how to translate this awareness into concrete policy design and implementation,” Bohan told a EURACTIV event last week, organised with the support of Swiss insurer Zurich.

Pressure is building on global regulators to “stress-test” portfolios of large institutional investors against long-term environmental objectives such as climate change, in a move that could shift billions in investment away from fossil fuels.

Exposure to climate-related disasters such as floods, storms or sea-level rise can have a huge impact on property and infrastructure, destroying value and raising insurance rates overnight.

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