Finance Denmark pushes for CO2 model by 2021

Finance Denmark (Finans Danmark), the umbrella organisation representing asset managers, banks, credit institutions and mortgage lenders in Denmark, has announced it is developing a CO2 model, which it intends to implement by 2021 as part of the country's climate target of cutting CO2 output by 70% by 2030. Currently, Danish banks and credit institutions have financed some DKK400bn of 'green activities', but estimates are that this could grow to DKK700bn. Finance Denmark says that the climate change-related adjustments required are of such a magnitude that they cannot be funded alone by ...