Executive Vice-President of the European Commission Frans Timmermans and representatives of the Climate Leadership Coalition met and discussed how to accelerate sustainable investments

Executive Vice-President of the European Commission Frans Timmermans and representatives of Climate Leadership Coalition – Henrik Ehrnrooth, Chair of the Board, Jorma Ollila, Vice chair, Pertti Korhonen, Chair of the Advisory Board and Jouni Keronen, CEO, met on Tuesday and discussed on how to start a green recovery by accelerating green investments in Europe.  

CLC presented views that Nordic companies and cities would welcome clear, ambitious climate goals and market mechanisms based on these goals to stimulate investments. A strong systemic solution based on a wide market mechanism and securing an effective carbon price is the best driver to reduce emissions on the one hand and to stimulate investments in low carbon solutions on the other. 

CLC explained that there is a long pipeline of new low carbon technologies and the commercialisation can be further accelerated by direct policies stimulating demand. The private sector can finance a major part of the green transition provided that the regulatory framework can provide visibility and security over the investment horizon.

“The choices we make today will determine our growth model tomorrow. Sustainable investments will play a central role in economic recovery as well as in the transition towards a prosperous, competitive and green economy. This will not only be good for jobs, but also for our health,” said Frans Timmermans, Executive Vice-President of the European Commission.

“CLC warmly welcomed the European Green Deal. It gives a clear direction and is a “must win battle” for Europe. The COVID-19 pandemic is one more reason to accelerate green investments. CLC member companies, cities and research institutions are working on concrete solutions to mitigate climate change. We are ready to participate in building the European Green Deal and to share insights on how to unlock private investments to accelerate the transformation,” said Henrik Ehrnrooth, Chairman of the CLC Board.

More information: Jouni Keronen, CEO, CLC +358 50 4534881 jouni.keronen@clc.fi

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