It’s not just up to the end consumer to pick green energy over brown, or the utility company to provide green energy. Or the bank to finance the green utility company. It needs a concerted effort from all parties. But bringing about a green transformation requires enormous investment. And that means the financial sector – which is you, my friends!
- has a crucial role in channeling its resources towards a green and sustainable economy. And that is why there is an overwhelming case for supervisors and central banks to respond to environmental challenges. From the perspective of both risk and opportunity. Let me address the risk side first. Because as a supervisory authority, we tend to focus on risks.