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Sustainable finance is the set of financial regulations, standards, norms and products that pursue an environmental objective. It allows the financial system to connect with the economy and its populations by financing its agents while maintaining a growth objective. The long-standing concept was promoted with the adoption of the Paris Climate Agreement, which stipulates that parties must make "finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development." In addition, sustainable finance had already a key role to play in the European Green Deal and in other EU International agreements, but since the COVID-19 pandemic its role is even more important.
References
- ↑ http://www.eumayors.eu/IMG/pdf/covenantofmayors_text_en.pdf [ bare URL PDF ]
- ↑ Archived 25 August 2017 at the Wayback Machine (archive)
- ↑ "Signatories".
- ↑ http://www.eumayors.eu/IMG/pdf/seap_guidelines_en-2.pdf [ bare URL PDF ]
- ↑ "Covenant of Mayors - Library". Archived from the original on 17 April 2011. Retrieved 27 April 2011.
