Finance Denmark pushes for CO2 model by 2021

Jonathan Boyd
clock • 1 min read

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 ...

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Jonathan Boyd
Author spotlight

Jonathan Boyd

Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope.