"More green financial products in banking and insurance stimulates demand, says former Secretary of State for the Treasury" (with Carlos Costa Pina)

«Lawyer Carlos Costa Pina believes that voluntary carbon markets are an "opportunity for new players" and anticipates regulations on these emission reduction instruments this year, following the publication of the law that created them in January.

Lawyer and former Secretary of State for the Treasury and Finance Carlos Costa Pina said this Friday that the "emergence of green financial products on the supply side", from banking and insurance companies, "is a way of stimulating the emergence of green projects on the demand side", which accelerates the transition to sustainability.

"You don't just need greenwishing, you also need greenwalking," said Carlos Costa Pina, at the "ESG and risk management" conference organized by SRS Legal. The SRS Legal Partner and former Galp and CMVM director gave as an example of an "opportunity for new players" the voluntary carbon markets, which are expected to be regulated this year, following the publication of the January law that created them.»