look like. The green transformation of the economy may be an even bigger revolution. 180 billion euros: that is the estimated additional annual investment needed in the European Union to meet its climate targets for the year 2030. For this to succeed, we need funding, we need fundable projects and we need them to connect.
Once the conditions are in place, and we are slowly but surely getting there, it will create tremendous opportunities for banks with the alertness and the capacity for change. But just so I’m not in any danger of sounding like a consultant rather than a watchful supervisor, it’s high time to introduce the word “risk”.