We hear more and more about net-zero objectives in the last few years.
Since 126 countries signed the Paris agreement at COP 21 in 2015, climate change has strongly focused on international governments’ agendas. The further finalization of the agreement at COP 26 at the end of 2021 in Glasgow saw a further strengthening of efforts.
Fintech is seen as playing a significant role in reaching climate change objectives. The UN has estimated that to meet climate change objectives, an investment of $90 trillion would need to be made to create sustainable infrastructure by 2030. At COP 26, new financial pledges were made to support developing countries in achieving this goal.
Switching to a circular economy
A significant factor forming part of the European Commission’s bid to create a more sustainable society is developing a circular economy.
The European Green Deal set a plan for creating sustainable growth within the EU. It outlined a plan to make Europe a “modern, resource-efficient and competitive economy.”
Aside from achieving net-zero emissions, they focused on creating an economy that could achieve growth without it being relative to resource use.
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