Nuno Gama de Oliveira Pinto
Affiliation: CEI-ISCTE – IPRI-NOVA – ISG Business & Economics School
Lisbon, Portugal
Email: [email protected]
Abstract: The Paris Agreement of 2015 was a historic milestone in the global fight against climate change with the commitment of the signatory parties to contain the increase in the Earth’s temperature. Long before this Agreement, the EU had already shown its desire to make economic growth compatible with the reduction of greenhouse gases in the medium and long term. To achieve these objectives, a change in the energy model is essential. The European Green Deal sets out a new strategy to reconcile economic growth with emission reductions, prosperity and social justice. In 2021, the EU adopted the European Climate Law, which includes a binding target of climate neutrality by 2050 and an intermediate target of at least 55% reduction of greenhouse gas emissions by 2030 compared to 1990 levels.
Keywords: Climate Finance; EU Taxonomy for Sustainable Activities; European Green Bonds;
Decarbonisation.