Limited data availability hinders banks’ climate finance and prudential supervision.
Small businesses often lack the awareness and information they need to understand the financial risks caused by climate change.
Massive investments, and hence long-term finance, are needed to decarbonise the electricity sector in Central, Eastern and South-Eastern Europe and improve energy efficiency in buildings, and banks will play a key role in this.
Foreign-owned local subsidiaries can be a catalyst in developing a sustainable financial market.