European Commission President Ursula von der Leyen presented her comprehensive strategy for addressing economic, environmental, and social challenges at the World Economic Forum in Davos.
The plan outlines measures aimed at making the European Union carbon-neutral by 2050 and endeavors to enhance the EU’s competitiveness, improve citizens’ quality of life, and create a sustainable economy.
Von der Leyen urged businesses and governments across the globe to make a long-term commitment to overcoming these challenges and emphasized that the EU is prepared to take a leading role in addressing climate change and building a more sustainable future.
Recent events, such as Al Gore Gore’s outburst at Davos a few days ago, raise the question: are we on track to address the pressing issue of climate change? The suspension of plans by the Bank of England (BoE) to issue new guidelines on its regulatory capital framework to address the financial risks posed by climate change, as well as negative reports from the COP, leave us with cause for concern.
The solution lies in a consistent approach by regulators worldwide, with the EU taking a leading role? We will delve into this topic further in our upcoming webinar “Climate Finance Regulation around the world”.