On October 7, European Commission President Ursula von der Leyen declared that the European Union will invest 1 trillion euros ($1.1 trillion) in sustainable energy by 2030.
The opening remarks of the EU Sustainable Investment Summit, the European Commission’s first annual event on sustainable finance, were delivered by Ursula von der Leyen. In her speech, the President mentioned the current rise in energy prices. She also emphasised the significance of the European Union’s climate legislation moving more quickly.
President von der Leyen mentioned two important concerns that need to be solved in order to boost global sustainable investment: first, how can more money be focused toward long-term investments. Second, how to raise global ambition by enlisting the participation of more countries. During her speech, she also emphasised Europe’s commitment to and leadership in energy saving.
Looking ahead to the UN Climate Change Conference in Glasgow, the president predicted that COP26 would be a watershed moment for the international community.
The goal of the EU Sustainable Investment Summit is to increase awareness, provide new perspectives, and encourage daring and forward-thinking initiatives in Europe and around the world.
The Summit will bring together a varied collection of global high-level speakers, as well as entrepreneurs, investors, financial institutions, policymakers, civil society representatives, and people, to debate ways to unlock investment and finance to expedite the transition to climate neutrality.