Last week, at the UN (United Nations) Climate Change Conference COP27 (Conference of the Parties), the European Investment Fund, Europe’s largest provider of risk finance, committed nearly 250 million euro with five equity funds to back up to 2.5 billion euro of climate action in Europe. [18] This is an important contribution to the EU (European Union)’s efforts to reach net zero.
Where there may potentially be some cause for concern is in emerging markets. There, the stronger dollar may lead to a significant tightening of financing conditions – coinciding with heightened geopolitical uncertainty and a new debate about international trade. That creates new risks which will be monitored closely in international fora. Are you afraid there may be a new wave of protectionism?