The Paris Agreement and the Sustainable Development Goals both come with price tags. In the European Union alone, there is an annual investment gap amounting to almost EUR 180 billion to achieve its climate and energy targets. This requires a significant redirection of capital toward green finance. In its current design the financial system is not fit to deliver. Only one percent of the trillion-dollar bond market is green bonds and annually 7 trillion dollars are locked up in savings not in sustainable assets.

Only one percent of the trillion-dollar bond market is green bonds and annually 7 trillion dollars

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