Social inequality, excessive public indebtedness and high unemployment plague the European Union. In 2016, the European Commission launched a program of sustainable finance to support remedies for these quandaries and to return the EU to a prosperous path. According to researchers Ingrid Holmes and Sam Maule, the finance plan should focus on investment practices supporting infrastructure, solutions to environmental and social dilemmas, and greater climate risk disclosure. This framing could be the EU’s salvation. getAbstract recommends Holmes and Maule’s perceptive report – written for the policy maker yet accessible to the generalist – for its stirring call to action.
In this summary, you will learn
- Why the European Union’s struggling economy has hurt its development and investment prospects,
- How socially conscious investing and a greater awareness of climate risk could help the economy, and
- Why firms must become more transparent about the climate risks their businesses face.
About the Authors
Ingrid Holmes and Sam Maule work for E3G, a climate risk and energy policy think tank.