I wrote a column for Funds Europe on Europe’s inevitable transition to net-zero.
The year 2020 will ultimately be defined by Covid-19. But it’s also the year the European transition to net-zero became unstoppable. But where is finance in all this?
2019 was an extraordinary year for net-zero emissions commitments. The UK became the first major economy to embed a net-zero target into its legislature and staggering first-mover commitments were made in aviation (International Airlines Group) and oil and gas (Repsol). Other ‘hard-to-abate’ sectors joined from mining (Vale), steel (Thyssenkrupp) and cement (HeidelbergCement) to really challenge what we thought possible. Even so, 2020 will take the title…