Climate Finance
More taxes needed to raise trillions in public and private climate finance – EU climate commissioner
Wopke Hoekstra said that while public debt levels would limit further government investment, more money had to be found for climate action
More taxes will be needed to generate public money for climate action investment, Europe’s commissioner for climate action has said.
Wopke Hoekstra told the Business Post that more green incentives will also be required from government to encourage private sector investment.
He said that financing the energy transition was one of the big challenges facing the world, and that innovative forms of finance would have to be developed to meet the world’s net-zero targets.
Hoekstra ...
