E&MFLASH
2024-10-16
Andrea Beltratti, Alessia Bezzecchi
Transition Finance, Sustainability and AI
Major European banks are focusing on 'transition finance' to support the decarbonization of high CO2-emission sectors by 2030. However, uncertainty remains high, as demonstrated by the recent case of Google, which is struggling to meet its environmental targets. As AI is rising and Big Tech faces challenges related to the energy consumption of data centers, the need for transparency and accurate emissions measurement is emerging in order to align with the increasing sustainability requirements demanded by stakeholders.