European governments, banks and businesses raised a record €311-billion of green finance last year, which is almost twice the amount reached in 2020 but still nowhere near enough to meet a mid-century target of net zero greenhouse gas emissions, according to a report by“It’s worrying because it’s quite a big number, and it’s a number that needs to be repeated each year for the next 20-30 years,” William Wright, managing director of the UK-based think tank behind the report, said in an interview.
Green finance refers to money raised for environmentally friendly and sustainable activities. But there are different shades. Only about 40% of Europe’s green bonds are “dark green”, meaning they finance projects that play a significant role in the transition to net zero, according to thereport. When it comes to sustainability-linked loans, just 40% can be defined as green, based on an analysis of the projects they finance.
Britain “is punching below its weight”, the report concludes. “This also highlights that green finance is one of the few areas in banking and finance where the EU is a clear global leader, with more than 40% of all global activity in sustainable finance and ESG.”More than 95% of Europe’s green finance comes from bond and loan markets. In 2021, almost 200 billion euros was raised via labelled green bonds, while companies raised a further €100-billion in the loan market.
This is nothing else but the destruction of Europe. Using 'climate change' as an excuse to hobble it's economy while at the same time sucking the wealth of it's people out through taxes and licence fees. There is a war against the West and it's enemies are within!