Towards a more sustainable EU financial system
Such a strategy is indeed critical to move towards a more sustainable EU financial system, and should become a building block of the forthcoming EU2030 strategy. The expert group should include civil society organisations.
The Commission also “supports alignment of private investments with climate, resource efficiency and other environmental objectives, both through policy measures and public investment”.This is welcome to ensure much-needed consistency between private investments and EU environmental objectives.
The Commission should make bold use of the G20 Green Finance Study Group’s recommendations and of the Financial Stability Board’s Task Force on Climate-related Financial Disclosures to make the midterm review of the Capital Markets Union in 2017 a success: transform the EU into a global sustainable finance policy leader.