Europe’s sustainable finance market experienced “rapid” growth during the first half of 2019, despite a challenging end to 2018, new analyses have concluded this week. H2 of 2018 was widely regarded as a difficult period for green finance, but the market is showing signs of resurgence The first of these analyses comes from Bloomberg New Energy Finance’s (BNEF) Sustainable Finance Market Outlook for the second half of 2019. According to this report, Europe accounted for almost half (48%) of global sustainable debt insurance between January and July this year, with growth driven by both the corporate and government sector. Indeed, BNEF is predicting that at least $380bn of sustainable debt finance will be provided during 2019, after a record H1. “The sustainable debt finance market is growing in volume, scope and popularity,” BNEF’s analysis states. “Record volumes of sustainable debt came to market in 1H 2019 – and the first half of the year is typically quieter than the second.”
For over fifty years, governments around the world, including in Canada, have discussed the importance of sustainability or sustainable development. One of the more prominent undertakings was the Rio Summit in Brazil in 1992, which led to the creation of Agenda 21. Subsequently, the Millennium Development Goals were adopted by the United Nations in 2000, which were then followed by the adoption of the Sustainable Development Goals (SDGs) in 2015. While these global forums and commitments have made a difference in putting economic prosperity and environmental conservation on a more equal footing, the international community routinely fails to achieve the sustainability priorities it has set for itself. As a case in point, we are unlikely to achieve any of the 17 SDGs by the target date of 2030.
IT buyers have long wanted a true PaaS (PCs-as-a-Service) option, and, more recently, high sustainability products from their tech suppliers. The PaaS model, done right, potentially provides both.
The company that attracted headlines for eliminating spending on meat seeks a global approach to climate goals.