Europe Will Step Up Push Into Green Finance, Dombrovskis Says

The European Union is planning to step up its push to make the financial sector do its part in fighting climate change, according to the bloc’s official in charge of regulating the industry.

Valdis Dombrovskis, the EU commissioner responsible for financial services, said an “updated green financing strategy” will be presented in the first half of next year. “Europe has the potential to build itself into a center of expertise to attract rising numbers of investors keen to place their funds and savings in green investment options,” he said at a Bloomberg event in Brussels.

Valdis Dombrovskis

Photographer: Gabriella Angotti-Jones/Bloomberg

Among the measures ...