European Green Deal: a game changer?

In breve

The European Green Deal is the EU Commission’s new growth strategy. It aims to turn the climate and environmental challenges into an opportunity to modernise the EU economy, endorsing a large investment program. The plan targets emissions reduction of at least 55% by 2030 and climate neutrality by 2050.
Core Matters

Highlights:

  • The European Green Deal is the EU Commission’s new growth strategy. It aims to turn the climate and environmental challenges into an opportunity to modernise the EU economy, endorsing a large investment program. The plan targets emissions reduction of at least 55% by 2030 and climate neutrality by 2050.
  • To foster the change the EU will deploy its budget aiming to mobilise about 0.7% of GDP annually. Overall, investment needs are estimated at about 2% of EU GDP annually until 2050. The deal implies substantial structural changes. The most involved sector is Energy but the plan basically cuts across the whole economy.
  • The Green and sustainable bond market is now at a turning point. Forthcoming sizeable green issuance in the EU will help growing and greening European finance in a more balanced and standardised way. Meanwhile the ECB will likely add green layers to both its monetary policy and regulatory objectives.
  • Among sectors, building and materials are the main beneficiaries while Utilities and Autos will have to adapt.

Download the full publication below

CORE MATTERS - EUROPEAN GREEN DEAL: A GAME CHANGER?

Also interesting

Picture

© Generali Investments, tutti i diritti riservati. Questo sito web è fornito da Generali Investments ed è considerato come una comunicazione di marketing e una promozione finanziaria riferita ai prodotti e servizi delle società elencate di seguito, appartenenti al Gruppo Generali: Generali Investments Partners S.p.A. Società di gestione del risparmio, Generali Insurance Asset Management S.p.A. Società di gestione del risparmio, Generali Investments Luxembourg S.A. e Generali Investments Holding S.p.A. (nel prosieguo, congiuntamente indicate come Generali Investments). Inoltre, il sito può contenere comunicazioni di marketing e promozioni finanziarie di prodotti e servizi di società appartenenti alla piattaforma multi-boutique coordinata da Generali Investments Partners S.p.A. Società di gestione del risparmio, nello specifico di Generali Global Infrastructure, Sycomore Asset Management, Aperture Investors LLC., Plenisfer Investments SGR, Lumyna Investments e Generali Real Estate S.p.A. Società di Gestione del Risparmio