The EU's long-term goal to tackle climate change remains unchanged. But the COVID-19 pandemic will likely delay specific laws needed to reach carbon neutrality as governments and firms mobilize their finances to deal with the economic fallout.
Some sectors, such as automotive and aviation, are pushing back on stricter environmental standards and commitments amid the COVID-19 measures. There is also a risk that the drop in global energy demand may end up delaying investment in the transition to a low-carbon economy.
Changing consumer habits and preferences in a COVID-19 recovery could push companies and governments to do more in terms of greening the economy.
Facilitator:
Naresh Aggarwal, Associate Director - Policy and Technical, Association of Corporate Treasurers (ACT)
Speaker:
Michael Wilkins, Managing Director, Head of Sustainable Finance Analytics & Research, S&P Global Ratings
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