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European developments in sustainable finance

The Paris Agreement of December 2015 signalled an international intention to mitigate climate change and attempt to contain the global temperature rise. To have any chance of achieving the targets we need to step up investment into clean energy and energy efficiency. The World Economic Forum stated that the Paris Agreement was a $23 trillion investment opportunity. Carbon Brief estimated that to achieve a 1.5°C investment into clean energy would need to be 50% higher. The IEA says that to achieve its Efficient World Scenario would require investment in energy efficiency, currently about $270 billion a year, to double between 2017 and 2025 and then double again between 2025 to 2040. The

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