In a letter to administrators of the new cabinet, the Dutch financial sector announces that it supports the new coalition's course on climate and green growth. At the same time, the banks, pension funds, asset managers and insurers are asking the new administrators for a clear and reliable long-term policy. In this way, the Netherlands can become more sustainable faster and smarter, while at the same time increasing our independence from abroad.
The sector is positive about the coalition's plan to stick to the Paris Agreement and give more space to entrepreneurs who want to make themselves more sustainable. This provides opportunities for new jobs, innovation and a strong Dutch economy while working to reduce CO2 emissions.
Sector ready to help build a sustainable Netherlands
Financial institutions are keen to facilitate sustainable projects, of course under the condition of a good return for participants and customers. The financial sector has already done much in recent years to reduce CO₂ emissions and plan for further sustainability. But to gain more momentum, clear framework conditions and a stable direction from the government are needed, so that companies and citizens know where they stand.
The financial sector is asking the new administration to:
- Clear standards, for example for energy and resource use
Then companies know exactly what steps to take, now and in the future. - One clear CO₂ price in Europe
This ensures that sustainability becomes and remains fair and affordable. - Phase out and redirect fossil fuel subsidies
This makes sustainable choices attractive and increases competitiveness, innovativeness and independence from foreign countries. - A strong National Investment Institution (NII), complementary to the market
This new organization can help finance key sustainable projects that are currently too risky for the market.
Sustainability is an opportunity, not a cost
The organizations stress that sustainability is not only necessary, but also offers many opportunities for the Netherlands: a cleaner country, new activity and new jobs.
The letter was signed by Dutch Fund and Asset Management Association (DUFAS), the Dutch Banking Association (NVB), the Pension Federation and the Association of Insurers.
