Because of the Paris Climate Agreement, municipalities must halve their CO2 emissions over the next ten years. To achieve this, sustainable investments are needed. Sometimes this goes wrong, like this spring in Rotterdam. This is part two of a two-part series.
At the end of May, the City of Rotterdam announced that it had made a big mistake by buying shares in the Guide Plus Sustainable Investment fund that invests in innovative start-ups. This was because the major shareholder R. did not come up with the capital that he had promised. The fund collapsed as a result. The original aim was that the start-ups in the fund would be able to accelerate the sustainability of Rotterdam.
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