Europe should become more active in eliminating barriers that prevent investment in resource efficiency according to experts from the financial sector who attended recent high-level discussions with the European Environment Commissioner, Janez Potočnik. Read more…
The meeting was convened to identify ways in which Europe can achieve its sustainability objectives under the European Commission’s ‘Roadmap to a Resource Efficient Europe’. Finance is considered an essential component of a resource-efficient economy, largely because significant investments are needed in activities ranging from eco-innovation to greening infrastructure. However, the discussions established that, while the necessary finance could be mobilised because resource efficiency makes sense for economic actors, barriers still prevent these investments to materialise.
The discussions focussed on ways in which these barriers can be overcome, thereby ensuring that resource efficiency is integrated within investment decisions and macroeconomic policies. A number of priorities were highlighted, including factoring resource efficiency into reporting and risk assessments; changing existing incentives to ensure long-term considerations are not overlooked; and exploiting the potential of the bonds market and financial instruments.
In a statement after the meeting, Commissioner Potočnik said that members of the Resource Efficiency Finance Round Table would continue to work with the Commission to develop these ideas, in particular regarding long-term financing.
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