In its path to becoming the first climate neutral continent by 2050, the European Union has recognised that significant investment from both the public and private sectors will be required. Public finance must lead the way, but it will not be enough. We must also tap into private investment by putting green and sustainable financing at the heart of our investment chain and financial system.

The EU Green Deal signifies Europe’s determination to tackle climate change, which must now be backed by a funding plan. A change of mindset is necessary in order to make Europe green.

The European Green Deal Investment Plan consists of mobilising at least €1 trillion of investments over the course of 10 years. This will be done through:

• Public and private investments;
• Capital from the EU and national budgets;
• Additional measures to facilitate and boost green public and private investment;
• Attractive investment conditions; and
• Technical assistance for investors when selecting sustainable projects.