Commission's plan must not end up like the Paris agreement, says head of PKA

The lack of action behind the goals of the Paris agreement was a problem, according to the CEO of PKA, Peter Damgaard. So in order to attract investors, the European Commission's long-term climate strategy must be bolstered by concrete steps.

Peter Damgaard Jensen, CEO of PKA | Photo: PKA PR

Last week, the European Commission presented an overall strategy for how the EU plans to be carbon neutral by 2050. The strategy is a great beacon for institutional investors, says Peter Damgaard Jensen, CEO of Danish pension fund adminstrator PKA.

"Several of our current investments reach well into the 2040s, and my guess is that in near future, we're looking towards 2050. That's why it's essential that the EU continues its climate policy, and in our view, the more ambitious it is, the better," he says.

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