The European Commission's Sustainable Finance Action Plan

16 Pages Posted: 31 Oct 2018

See all articles by Danny Busch

Danny Busch

Radboud University Nijmegen - Institute for Financial Law (IFR)

Guido Ferrarini

University of Genoa - Law Department and Centre for Law and Finance; European Corporate Governance Institute (ECGI)

Arthur van den Hurk

Radboud University Nijmegen, Institute of Financial Law

Date Written: October 9, 2018

Abstract

The European Commission points out that we are increasingly faced with the catastrophic and unpredictable consequences of climate change and resource depletion. The Commission claims that current levels of investment are not sufficient to support an environmentally-sustainable economic system that fights climate change and resource depletion. According to the calculations of the Commission, more private capital flows need to be oriented towards sustainable investments to close the €180-billion gap of additional investments needed to meet the EU’s 2030 targets of the Paris Agreement. The Commission concludes that the financial system has a key role to play here.

Keywords: European Commission, Climate Change, Resource Depletion, Sustainable Finance, Action Plan, Paris Agreement

Suggested Citation

Busch, Danny and Ferrarini, Guido and Hurk, Arthur van den, The European Commission's Sustainable Finance Action Plan (October 9, 2018). Available at SSRN: https://ssrn.com/abstract=3263690 or http://dx.doi.org/10.2139/ssrn.3263690

Danny Busch (Contact Author)

Radboud University Nijmegen - Institute for Financial Law (IFR) ( email )

Nijmegen
Netherlands

Guido Ferrarini

University of Genoa - Law Department and Centre for Law and Finance ( email )

Via Balbi, 22
16126 Genova, 16100
Italy
+39 010 209 9894 (Phone)
+39 010 209 9890 (Fax)

HOME PAGE: http://www.clfge.org

European Corporate Governance Institute (ECGI)

c/o ECARES ULB CP 114
B-1050 Brussels
Belgium

HOME PAGE: http://www.ecgi.org

Arthur van den Hurk

Radboud University Nijmegen, Institute of Financial Law ( email )

Nijmegen
Netherlands

HOME PAGE: http://https://www.ru.nl/ifl/

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