ING Wholesale Banking flags climate adaptation as rising business resilience priority
ING•Investment needs and market impacts
A European Commission study cited an EU need for EUR 70 billion a year in climate adaptation investment through 2050.
Peter Kindt said sustainable finance growth will continue, driven by transition funding, infrastructure upgrades, innovation support, and climate resilience investment.
Heatwaves lifted European power prices as low water cut Nordic hydropower, while high river temperatures constrained nuclear output in France and Belgium.
Climate adaptation moves up the resilience agenda
ING Wholesale Banking flagged climate adaptation as a rising business resilience priority, shifting ESG focus beyond energy transition financing.
More frequent heat, drought, flooding, and water scarcity in Europe are disrupting power generation, industrial output, transport, logistics, and agriculture.
