Aiming for zero: Europe raises its clean energy game

Continent's new goal will push up greener investment

Stephen Freedman of Pictet Asset Management

Stephen Freedman of Pictet Asset Management

Shifting into a higher gear. This is precisely what the European Union has just done as it steers towards a more sustainable economy.

Its new climate blueprint proposes cutting greenhouse gas emissions by 55% compared with 1990 levels by the end of the decade. That is significantly more ambitious than the EU's previous target of 40 per cent, and means the region could become climate neutral by 2050. It's not difficult to see why the EU should want to pursue a green recovery with such determination. Executed well, the plan offers the tantalising prospect of restoring both the environment and the economy back to full health. Evergreen performers: The five top-selling European climate change-focused funds The fun...

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