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By Julien FROUMOUTH and Aurélie CASSOU, ABBL
Last week was an exciting one for sustainable finance, starting on Wednesday with the adoption of the EU Climate Law by the Council and the European Parliament. This law turns the objectives of the European Green Deal into legal obligations: by 2030, the EU’s net greenhouse gas emissions must be reduced by at least 55% compared to 1990 levels, and by 2050 the EU must reach climate neutrality.
The implementation of the Green Deal is one of President von der Leyen’s priorities. In her speech to the Global Leaders Summit, she stressed that “this decade will be the ‘make or break’ decade for our climate”.
A source of inspiration for other parts of the world?
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