After $30 Trillion Bonanza, Green Finance Is About to Get a Cop
- European lawmakers are working to define green investments
- With the U.S. absent from debate, Brussels could set benchmark
Photographer: Andrew Coelho
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It’s been the one bright spot for banks and money managers in these dark times of sluggish growth, a $30 trillion treasure trove that has remained largely unregulated. That’s about to change.
Officials in Brussels are trying to advance some of the most ambitious ideas how to police the market for green investments, one of the fastest growing areas in finance. With federal watchdogs in the U.S. mostly absent from the debate, the European Union efforts could end up as benchmarks for green finance around the world.