Green investment is the process of directing financial flows to sustainable development priorities, for example, from banking, insurance, or investment. These flows are key in the implementation of the objectives of the European Green Deal.
In June 2020, the German cabinet introduced a regulation banning certain single-use products made of plastic; the European Union had already introduced a similar regulation in May 2019. In future, the sale of products such as throwaway plastic cutlery, plates, straws and cotton buds will be prohibited.
In a situation where 77% of Estonia’s greenhouse gas emissions comes from power generation and burning of fuels, while we can make changes elsewhere, the big picture will not change unless we solve the energy question.
Energy transformation, Germany’s plan to transform the energy industry into a greenhouse gas-neutral energy supply, is no longer solely a federal government project. Local authorities are beginning to push ahead with energy transition focused on decentralized municipal energy concepts.
“Ambiguities and differences in individual countries’ opinions about financial regulation setting are so enormous that the recent situation could be marked as worse than before.”