European Commission Reveals New Plans to Finance Sustainable Growth

Wind Industry Profile of

The European Commission today published plans to help finance sustainable growth. These could help re-direct capital from conventional power plants to wind energy.

The Commission will propose draft legislation to create a checklist of green investments and financing activities. Regulators would then use this checklist to encourage banks to finance green projects, e.g. by easing capital requirements or having a label for sustainable financial products. EU securities and insurance rules will also be revised so that sales advice on financial products takes into account a customer’s sustainability preferences. Asset managers and institutional investors will have to disclose how they consider sustainability in their strategy and investment decision-making... ... More: Official Press Release WindEurope

Keywords:

EU, Commission, WindEurope, wind energy, finaces, investment, sustainable growth