(ANSA) – ROME, DECEMBER 06 – For the development of sustainable finance “it is necessary to act with a view to creating correct incentives, for banks and businesses” while “it is highly harmful to proceed with solutions that go in the opposite direction , or to penalize investments in those sectors or subjects for which the transition requires more time or is more complex “. This was stated by the director general of ABI Giovanni Sabatini in a hearing at the joint Foreign Affairs and EU Policies Committees of the Chamber and Senate. Doing this, he explains, “would paradoxically risk making the financial resources necessary for this purpose run out. They are indispensable”. Sabatini also stressed that there must be two preconditions: that a favorable regulatory environment is developed (not only in the banking sector), with clear and stable criteria to guide business activities and financial flows and that investments in sustainable activities ensure a economic-financial balance “. (ANSA).
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Source From: Ansa
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