A global approach to sustainable finance
Conference | 21 March | Brussels
Today, the world faces a serious investment gap in delivering on the Paris Agreement and the Sustainable Development Goals (SDGs). About $7 trillion of annual investment in energy, transport, buildings and water infrastructure would be required over the next 15 years to be consistent with the 2° Celsius scenario. Public funds will obviously not be sufficient to meet these investment needs. The financial sector has a critical role to play. Mobilising private investors to finance sustainable projects on a global scale is therefore indispensable for reaching tangible results in the fight against climate change, environmental degradation and social inequalities. The global nature of financial markets could offer a great opportunity to all countries on their transition path by linking local needs to global sources of funding.
To encourage a global approach to sustainable finance, the Commission is hosting a high-level conference on 21 March 2019 in Brussels. The conference - titled "A global approach to sustainable finance" - will be the occasion for global leaders to demonstrate their willingness to work together and coordinate their approaches on how to best accelerate global financial support for sustainability.
Hosted by President Juncker and Vice-President Dombrovskis, this one-day event will gather Presidents of the European Institutions, Ministers from European and third countries, Governors of central banks, Chairs of international organisations as well as Chief Executive Officers of financial institutions and multi-national companies.