Rachel Ward, head of policy at IIGCC, which represents European asset owners and managers with €28 trillion in assets, conveyed her members’ sense of urgency but also of optimism that sustainable finance is on the verge of a step change when she talked to ENDS at COP25. Net zero by 2050 “is roughly consistent” with the 1.5°C goal in the Paris agreement and for institutional investors “it sets that long-term legal trajectory so they are certain about the path the EU is following,” she explains.
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