The cost and availability of capital act as a key constraint to financing the small green economy.
SMEs account for 99% of all European businesses, 58% of gross value added and two in three employees (EC, 2014). SMEs arguably play an even more prominent role in the green economy. The extent to which SMEs deliver on the promise of contributing to the green economy hinges at least in part on their access to finance. The ECB European SME survey suggests access to finance is seen as the second most pressing problem for SMEs, behind finding customers.
Independent, non-profit think tank working to align the financial sector with international climate goals.
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2DII today announced it is transferring stewardship of the Paris Agreement Capital Transition Assessment (PACTA) to RMI, formerly Rocky Mountain Institute. PACTA measures financial portfolios' alignment with various climate scenarios, including those consistent with the Paris Agreement. Under RMI’s stewardship, PACTA will remain a free, independent, open-source methodology and tool, and will continue to provide the financial and supervisory community with forward-looking, science-based scenario analysis to help users make climate-aligned financing decisions. RMI will invest in scaling up PACTA’s usability and applicability in day-to-day investment decisions as well as reporting requirements.
Access the full press release here: https://2degrees-investing.org/2-investing-initiative-transfers-stewardship-of-pacta-to-rmi/In the coming weeks, we will update this website with additional information. For now, please note that all contact information remains unchanged.
2°Investing Initiative is delighted to announce its strategic alliance with The Sustainable Finance Observatory!
