“The EU taxonomy has a certain pull”

Municipalities and municipal companies play a key role in the implementation of the European climate goals. Alexandra Jour-Schröder, Deputy Director General for Finances and Capital Markets Union of the EU, was convinced of this during her presentation at the VKU financing conference in Hanover.

Enormous amounts of capital are required to accomplish this transformation. Around 350 billion euros would have to be invested annually just to achieve the CO2 savings targets in the energy sector across Europe. In addition, there would be a need of a further 130 billion euros per year to achieve …


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