Building Europe’s Green Transition and Retirement Security – Listed Real Estate’s Dual Role in Global Megatrends – POLITICO
As we enter 2024, the world continues to confront financial and environmental challenges on a global and societal scale. Globally, efforts to meet the Paris Agreement’s objectives are falling behind, with the green transition’s investment levels not meeting the necessary targets. This was highlighted by the World Bank’s Senior Managing Director, at the recent EU Sustainable Investment Summit, where the critical need for accelerated private investment in sustainability was underscored. The Commission identified a 1.5 trillion euro annual funding need for the 2030s if the continent is to meet its objectives, and private capital will be key in reaching that number At the same time, financial concerns, particularly regarding retirement income security, are intensifying amid an ageing population, emerging as a major issue. During the last mandate, the Capital Markets Union (CMU) Action Plan has been a driving force behind numerous initiatives aimed at building an economy that benefits people by enhancing the flow of capital in the EU single market. These efforts have yet to trigger significant result on the ground, and the forthcoming …