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Description

The Action Plan on sustainable finance is part of the Capital Markets Union's (CMU) efforts to connect finance with the specific needs of the European economy to the benefit of the planet and our society. It is also one of the key steps towards implementing the historic Paris Agreement and the EU's agenda for sustainable development.

The action plan on sustainable finance adopted by the European Commission in March 2018 has 3 main objectives:

  • reorient capital flows towards sustainable investment, in order to achieve sustainable and inclusive growth
  • manage financial risks stemming from climate change, environmental degradation and social issues
  • foster transparency and long-termism in financial and economic activity

Reference information

Websites:
https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:52018DC0097
Source:
European Commission

Published in Climate-ADAPT Jul 27, 2020   -   Last Modified in Climate-ADAPT Dec 12, 2023

Date of publication:

2018

Keywords:
adaptation finance
Climate impacts:

Non specific

Adaptation elements:

Sector Policies

Sectors:

Financial

Geographic characterisation:

Europe

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Exclusion of liability
This translation is generated by eTranslation, a machine translation tool provided by the European Commission.