Institutional climate group chief sees Paris pact investment speeding up

Investors have been slow to start putting money into projects supporting the Paris Climate Accord. However, the market has improved, and investors are showing more interest, said Peter Damgaard Jensen, Chair of the board at the Institutional Investors Group on Climate Change.

Peter Damgaard Jensen, Chair of ICGG, thinks investors are moving to slow towards green | Photo: Nanna Kreutzmann/Polfoto

A roomful of officials would not stop clapping, and there were tears too, when the Paris Climate Accord was reached in December of 2015. But many of the smiles have since turned into worried frowns.

Political infighting has hampered the agreed green transition. In the EU, it has taken a lot of time and tough negotiations to reach a compromise on a target for the proportion of renewable energy, and it has still not been possible to agree a target for energy efficiency.

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