Europe has the resources, but lacks efficient financial channels
European Central Bank President Christine Lagarde urged EU leaders to advance the Capital Markets Union (CMU), calling it vital to mobilize the investments required for Europe’s green transition.
“The financing needs for Europe’s green transition are estimated at €1.2 trillion per year,” Lagarde said in a speech in Oslo, noting that the private sector is expected to provide more than two-thirds of that sum.
Read full article here: turnovernews.com
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